Relicab Cable Manufacturing fixes record date for 74:100 bonus issue; Stock hits 52-week high

14 Jul 2022 , 11:00 AM

Relicab Cable Manufacturing Ltd has fixed Monday, July 25, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the proportion of 74 fully paid-up equity shares for every 100 existing fully paid-up equity share held subject to the approval of shareholders which is being obtained through Postal Ballot process.

The Postal Ballot voting will end on Thursday, July14, 2022 and the voting result will be announced latest by Saturday, July 16, 2022, the company said in a regulatory filing on Wednesday.

At around 11:02 AM on Thursday, Relicab Cable Manufacturing hits 52-week high at Rs58.65 per piece on the BSE. Previously the  scrip ended at Rs53 per piece.