Board at Nitiraj Engineers have approved issue of 20.50 Lakh bonus shares in the ratio of 1: 4

Company : Opal Luxury Time Products Limited

Board of Directors at Nitiraj Engineers Limited considered and approved the issue of Bonus Share in 1:4 ratio (1 fully paid-up equity share for every 4 existing fully paid-up equity share held of value Rs.10 each). The record date for bonus share has been fixed as Tuesday, October 01, 2019.

Accordingly, 20.50 Lakh bonus shares will be issued to the eligible members whose names appear in the register of members/list of beneficial owners.

Reportedly, the pre-issue paid-up capital of the company stood at Rs.8.20 Crore divided into 82 Lakhs equity shares of value Rs.10 each and the post issue paid-up capital stood at Rs. 10.25 Crore divided into 1.02 Crore equity shares of value Rs.10/- each.

Nitiraj Engineers Ltd, established in 1989 is one of the leading manufacturers of Electronic Weighing Scales and Systems and Digital Fare Meters

Recent Stories