SecMark Consultancy hits new 52-week high as board approves 3:2 bonus issue

24 Aug 2022 , 10:50 AM

SecMark Consultancy Limited’s counter touched a new 52-week high in today’s trade at Rs250.45, 9.99% higher against its previous close of Rs227.70 on BSE, following the board’s approval for the bonus issue.

The company stated that the board has considered and approved a bonus issue in the ratio of three fully paid-up equity shares for every two existing (3:2) fully paid-up equity shares held by the shareholders.

The issue is subject to the approval of the shareholders of the company.

Further, the board also approved the migration of the Company’s current listing from the SME Platform of the BSE Limited to the Main Board of the BSE Limited, as well as Listing/ Trading on the Main Board of the National Stock Exchange of India Limited, in accordance with Chapter IX of the SEBI (ICDR) Regulations, 2018, subject to the approval of the Company’s shareholders, the BSE Limited, the NSE Limited, or such other authorities.

In the same meeting board also considered amending the Memorandum of Association of the Company owing to the changes in the authorized share capital of the Company.

The company also approved  September 28, 2022 as the date for convening the 11^th Annual General Meeting.