Shree Ganesh Remedies gets approval to issue bonus shares at 3:26 ratio
Board at Shree Ganesh Remedies approved the increase in authorised share capital of the company and considered issuing bonus shares to the shareholders.
Company : Shree Ganesh Remedies Ltd
Shree Ganesh Remedies made an announcement regarding the Board"s decision to issue bonus shares in the ratio of 3:26, that is 3 bonus equity shares of Rs.10 each fully paid up for every 26 existing equity shares of Rs.10 each fully paid up held as on record date.
The estimated date by which bonus shares will be dispatched or credited has been fixed as two months from the date of approval by the board which is August, 21, 2020.
The Board also approved the increase in authorizes share capital of the company from Rs.10 crores (divided into 1 crore equity shares of value Rs.10 each) to 15 crores (divided into 1.40 crore equity shares of vaue Rs.10 each and 10 lacs preference shares of value Rs.10 each).
Shree Ganesh Remedies is a pharmaceutical group engaged in the research, development, manufacture and marketing of healthcare products (Drug Intermediates & Pharmaceuticals) since 1991.