Vikram Thermo skyrockets over 9% as board mulls bonus issue

25 Mar 2022 , 03:09 PM

In its filing with the exchange, Vikram Thermo (India) Limited informed the investors and exchanges that the Meeting of Board of Directors of the Company is scheduled to be held on Friday, April 1, 2022.

The board will consider an increase in the authorized share capital of the Company as well as to issue Bonus Shares to the shareholders of the company subject to such regulatory/ statutory approvals as may be required in this regard and also to approve the Notice of Postal Ballot for taking shareholders’ approval, inter – alia, for such Bonus issue and other related matters.

Post this development, Vikram Thermo’s counter jumped to a high of Rs196.95 in today’s trade. It is currently trading at Rs196.50, up by 9.47% against its previous closing of Rs179.50.