Vipul Organics board allots over 25.62 lakh bonus equity shares; Stock gains 1%

12 Apr 2022 , 09:16 AM

Vipul Organics Ltd has informed that the Board of Directors at its meeting held on Monday, April 11, 2022, has allotted 25,62,375 Equity Shares of Rs10/- each as fully paid up bonus Equity Shares, in ratio 1:4 i.e. 1 new Equity Share of Rs10/- for every 4 Equity Shares of Rs10/- each held on April 11, 2022, being the record dale fixed for this purpose.

Consequently, the paid-up Equity Share Capital of the Company stands increased from Rs10,24,95,000/- comprising of 1,02,49,500 Equity Shares of Rs10/- each lo Rs12,81,18,750/- comprising of 1,28,11,875 Equity Shares of Rs. 10/- each.

These new bonus Equity Shares will be credited / dispatched, as applicable, on or before April, 2022, said company in a regulatory filing on Monday.

On Tuesday early morning trade, Vipul Organics was trading at Rs210 per piece higher by 1.11% on Sensex.