HKG board approves issuance of 1:2 bonus shares

13 Jan 2022 , 09:26 AM

The Board of Directors of HKG Ltd at its meeting held on January 12, 2022, has considered and approved the issuance of fully paid-up Bonus Shares in the ratio of One Fully paid-up share for every Two fully paid-up Equity shares held, subject to shareholder’s approval by way of Postal Ballot.

The Board has also considered and approved migration of Listing/Trading of Equity Shares of the Company from SME Platform of BSE to Main Board of BSE, subject to necessary approvals including shareholder’s approval by way of Postal Ballot.

At around 9:27 AM, HKG was trading at Rs29.80 per piece lower by 1.49% on Sensex.

The Company is engaged in the business of trading and distribution of Steel, Copper and textiles products.