Bonus Shares 2023: Shares of BSE listed Growington Ventures India are one of the multibagger stocks that the Indian stock market has given in the last one year. This multibagger small-cap stock has rallied up to 800 per cent in last one year 1 lakh of an investor Meanwhile, the nine lakh small-cap company today announced the allotment of bonus shares to its eligible shareholders and informed BSE in this regard. The BSE listed stock had announced the issue of bonus shares in the ratio of 24:100. The company board had fixed the bonus share record date as March 25, 2023.
Multibagger Stock informed BSE about the allotment of 24:100 Bonus Shares with reference to the caption “The Board of Directors of the company at its meeting held on March 27, 2023 has approved the allotment of 30,76,896 Bonus Equity Shares of face 10/- value to each member holding shares up to the record date i.e. March 25, 2023.”
Growington Ventures India Bonus Shares
Earlier, Multibagger Stock informed BSE about the issue of Bonus Shares, “Please note that the Members of the Company have approved the issue of Bonus Shares in the ratio of 24 (twenty four) Bonus Equity Shares of Rs 10 each Rs.Ten) each, Rs.10/- (Rupees Ten) each, for every 100 (hundred) fully paid-up Equity Shares, existing Equity Shares held by the Members and the Bonus Shares so distributed shall be for all purposes of the company’s paid-up treated as an increase in capital.
Growington Ventures Bonus Shares Record Date
On the bonus share record date, the BSE listed small-cap stock said, “We would like to further inform that the Board of Directors of the company has approved and fixed March 25, 2023 as the record date. [or the purpose deciding 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 the purpose of issue of Bonus Shares of Rs. 10/- (Rupees Ten) each, credited as fully paid-up to the holders of the Equity Shares of the Company, whose names appear on the Register of Members on the Record Date of 25% March, 2023.”
