Bonus shares 2023: Growington Ventures India shares, which are listed on the BSE, are among the multibagger stocks that the Indian stock market has produced over the past year. This multibagger small-cap stock has increased by 800% in the past year, turning a one lakh rupee investment into nine lakh rupees. Today, the small-cap company informed the BSE that it would distribute bonus shares to its qualified shareholders. An announcement on the 24:100 ratio of bonus shares was made by the BSE-listed company. The firm board set the record date for bonus shares as March 25, 2023.
“With reference to the captioned subject, the Board of Directors of the Company at its meeting held on 27th March 2023, has approved allotment of 30,76,896 Bonus Equity Shares of face Value of Rs. 10/- each to the members holding shares as on the Record Date i.e. 25th March 2023,” Multibagger Stock reported to BSE regarding the distribution of 24:100 bonus shares.
Bonus shares of Growington Ventures India
“Please note that the Members of the Company have approved the issue of Bonus Shares in the proportion of 24 (Twenty Four) Bonus Equity Shares of Rs.10/- (Rupees Ten) each, for every 100 (Hundred) fully paid-up Equity Shares of Rs.10/- (Rupees Ten) each, existing Equity Share held by the Members and that the Bonus Shares so distributed shall, for all purposes, be treated as an increase in the number of Equity Shares,” the multi
Record date for Growington Ventures bonus shares
The BSE listed small-cap stock announced the record date for bonus shares as follows: “We further wish to inform that the Board of Directors of the Company has approved and fixed 25% March, 2023 as the Record Date [or the purpose determining the Members who shall be eligible to the allotment of the Bonus Shares as per ratio mentioned above by capitalization of such as may be required, from the Securities Premium Account, Free Reserves or any other permitted reserves/surplus of the Company for such purposes as determining the Members’ eligibility