“We refer to our letter dated October 03, 2022, regarding issue of bonus equity shares of the company in the ratio of 5 fully paid-up equity shares of ₹ 1/- each for every 1 fully paid-up equity share of Re 1/- each, subject to approval of shareholders by way of postal ballot and inform that pursuant to Regulation 42 of SEBI Listing Regulations, the board of the company has fixed Friday, November 11, 2022, as the ‘record date’ for the purpose of determining the members eligible for bonus equity shares,” said the company filing with the exchanges on October 28.
The company earlier in October approved issuance of 5:1 bonus share issue i.e. 5 fully paid-up equity shares of Re 1 each for every 1 fully paid-up equity shares of Re 1 each held by the shareholder of the company as on the record date, earlier fixed on November 3.
In the previous session, the stock hit a 52-week low of Rs 975 per share. After a superb listing in November last year, the stock, ahead of the expiry of the mandatory anchor investor lock-in period, is seeing heavy sell-off.
The stock is currently trading with a discount of around 62% from its 52-week high price.