Dolfin Rubbers zooms over 2% as board nods bonus issue

29 Mar 2022 , 12:56 PM

Dolfin Rubbers informed the investors and exchanges that, in its meeting held on March 28, 2022, has approved the issue of bonus shares in the ratio of 1:3.

The company will issue bonus shares in the ratio of 1 (One) new fully paid-up equity share of Rs. 10/- each Rupees Ten) each for every 3 (Three) existing fully paid-up equity shares of Rs. 10/- (Rupees Ten) existing equity share held by the members as on the record date to be fixed hereafter for the purpose, through capitalization of Share Premium.

The company has also decided to migrate the Company from the BSE SME Platform to the Main Board of BSE Limited and NSE Limited.
The company also approved an increase in authorized share capital from an existing Rs8 crore consisting of 80,00,000 shares to Rs10.20 crore consisting of 1,02,00,000 shares.

Dolfin Rubbers’ counter gained 2.12% so far in today’s trade and was trading at Rs118, against its previous close of Rs115.55 on BSE. It touched today’s high and low of Rs118.05 and Rs118 respectively.