Bonus shares: Since Allcargo Logistics stock trades ex-bonus today, it is the focus of discussion. You may find more information here.
Bonus shares 2024: The Allcargo Logistics board of directors has set January 2, 2024, as the record date for completing the list of shareholders who qualify to receive bonus shares.
Bonus shares 2024: Allcargo Logistics’ shares are trading ex-bonus for the second time. On December 30, 2015, the stock was traded without a bonus in order to issue 1:1 bonus shares.
Since Allcargo Logistics is trading ex-bonus today, the stock is the object of attention. In a meeting on November 10, 2023, the company’s board of directors decided to issue bonus shares in a 3:1 ratio. Afterwards, the board decided to set January 2, 2024, as the record date for completing the list of shareholders who qualify to receive bonus shares.
Allcargo Logistics bonus shares
With reference to our letters dated November 3, 2023, and November 7, 2023, and in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., November 10, 2023, inter alia, considered and approved the issue of bonus shares by capitalizing a sum not exceeding ₹147,41,73,144/- (Rupees One Hundred Forty Seven Crores Forty One Lakhs Seventy Three Thousand One Hundred Forty-Four only) out of the sum standing to the credit of the Company’s Free Reserves. Allcargo Logistics informed Indian stock market exchanges about the bonus shares.
In accordance with the Company’s audited financial statements for the fiscal year that concluded on March 31, 2023, the aforementioned sum should be transferred to the Share Capital Account and used to apply for the issuance and allotment of equity shares, up to and including 73,70,86,572 (Seventy Three Crores Seventy Lakhs Eighty Six Thousand Five Hundred Seventy Two) equity shares of ₹2/-(Two) each as fully paid up bonus shares, to qualified Company members who currently hold equity shares of ₹2/-(Two) each.
whose names are listed in the Company’s Register of Members/Beneficial Owners’ position on the “Record Date,” which the Company sets at a ratio of 3:1, or three new equity shares of ₹2/- (two) each for every one existing equity share of ₹2/- (two) held as of the Record Date; and that the newly issued and allotted bonus shares will be regarded, for all intents and purposes, as an increase in the nominal amount of the Company’s equity share capital that each of the member(s) will hold as of that date.”
Also Read: Kaushalya Logistics IPO 2023.
Allcargo Logistics bonus share record date
Allcargo Logistics bonus share history
Allcargo Logistics’ shares are trading ex-bonus for the second time. Before, on December 30, 2015, the logistics stock had traded ex-bonus in anticipation of the issuing of bonus shares in a 1:1 ratio.
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