Bonus Shares: The Board of Directors of Escorp Asset Management Limited has approved the issue of 2:3 Bonus Shares. Approval was received in the board meeting held on 10 June 2022. In addition to the bonus shares, the AMC Company Board also approved the increase in the share capital of the Company and the listing of the Company’s shares on the Main Board of NSE Limited from the BSE SME Exchange. Escorp Asset Management Limited announced the developments via exchange communication.
to inform about the acceptance of bonus share The Company’s Board, Escorp Asset Management Limited Exchange Communication states, “In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform you that at the meeting of the Board of Directors held today i.e. June 10, 2022 , inter alia, issue of bonus shares in the ratio of 2:3 (3 (three) fully paid-up equity shares for every 2 (two) existing fully paid-up equity shares held by the shareholders is considered and approved) , subject to the approval of the shareholders of the company.”
On increase in the share capital of the company, exchange communication “The Board has approved the increase in the authorized share capital of the Company. 7,00,00,000 (Rupees Seven Crore) divided into equity shares of 70,00,000 (Seventy Lakh) 10/- (Rupees ten only) each 12,00,000,000 (Twelve Crore Rupees) divided into 1,20,00,000 (One Crore Twenty Lakh) 10/- (Rupees ten only) each by creation of additional 50,00,000 (fifty lakh) equity shares 10/- (Rupees Ten only) each and every subsequent change in the Memorandum of Association of the company, subject to the approval of the shareholders of the company.”
The Board of Directors of the AMC Company also approved the listing/trading of existing listing of the Company on the Main Board of BSE Limited as well as on the Main Board of NSE Limited from the SME Platform of BSE Limited in terms of Chapter IX of SEBI. (ICDR) Regulations, 2018 subject to the approval of the shareholders of the company, BSE Limited, National Stock Exchange of India Limited, or such other authorities.