Jyoti Resins and Adhesives allots 80 lakh bonus shares; Stock zooms 5%

20 Sep 2022 , 10:06 AM

The Board of Directors of Jyoti Resins and Adhesives Ltd, at their meeting held on September 19, 2022 have allotted 80,00,000 Equity Shares of Rs10/- each as fully-paid up Bonus Equity Shares, in the proportion of 2 (Two) new equity share for every 1 (One) existing equity shares ,to the eligible Members whose names appeared in the register of Members / list of beneficial owners as on September 09, 2022, being the record date fixed for this purpose, based on the Shareholders approval at the AGM held on September 01, 2022 and in accordance of the in-principal approval received form the exchange.

Pursuant to the above allotment, the revised paid up equity capital of the Company is 1,20,00,000 equity shares of Rs. 10/- each amounting to Rs12,00,00,000.

The Corporate Action for crediting the Bonus Shares shall be done after receipt of requisite approval from the stock exchange, the company said.

At around 10:08 AM, Jyoti Resins and Adhesives Ltd is currently trading at Rs1,583 per share up by Rs74.9 or 4.97% from its previous closing of Rs1,508.10 per share on the BSE.

For feedback and suggestions, write to us at [e-mail]