These 4 small-cap companies announce bonus shares this week

Here we list down the details of bonus shares issued by these small-cap companies:

1]M Lakhmsi Industries: The board of directors of the small-cap company has announced bonus shares this week. He has announced six bonus shares for every share held by the shareholders. The company informed the Indian Exchanges, citing issue of bonus shares, “The Board of Directors has considered and recommended one bonus issue in the ratio (6:1), i.e. six each of Rs.10/- New Bonus Equity Shares. Existing Fully Paid-up Equity Shares of Rs.10/-, subject to approval by the Members and any other applicable statutory and regulatory approvals, as may be required.

2]Ruby Mills: The Board of Directors of the company has declared bonus shares in the ratio of 1:1, which means that one bonus share will be awarded for every share held by the shareholders. The small-cap company has also fixed September 25, 2022, the record date for issue of bonus shares. Regarding issue of bonus shares, the company said, “As per Regulation 30 and 42 of SEBI (LODR) Regulations, please note the following amendments in the result uploaded on 10th August 2022: Issue of Bonus Considered, Approved and Recommended Bonus share of Rs.5/- in the ratio of 1:1 i.e. 1(one) for every 1(one) fully paid-up equity shares held by the shareholders of Ruby Industries as on the record date i.e. 25th September 2022.”

3]Promotion Motherson International Limited: The Board of Directors of Samvardhan Motherson International Limited (formerly Motherson Sumi Systems Limited) met on Tuesday to consider the proposal for Bonus Equity Shares of the Company and hence recommended the issue in the ratio of 1:2 subject to the approval of the Shareholders. Is. The small-cap company informed the exchanges about the bonus share issue, “The Board of Directors of the Company in its meeting held today i.e. 16th August, 2022 has recommended issue of Bonus Shares in the ratio of 1 (one) Bonus Equity. 2 (ii) the shares against the existing equity shares, subject to the approval of the shareholders.”

4]Era Decoration: The board of directors of this multibagger stock has declared 1:2 bonus shares, which means one bonus share will be awarded for every share held by the shareholders. The company is yet to announce the record date for issue of bonus shares. The Small-Cap Company, while informing the Indian Exchanges about the Bonus Share approval, issued 1 (one) bonus share for every 2 (two) equity shares held by the Company’s shareholders as on the “record date”. Shares are subject to shareholders’ approval and other applicable statutory and regulatory approvals, as may be required. The company will notify eligible shareholders of the “record date” in due course to determine whether or not to receive the bonus shares.

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