Aakash Exploration Services to issue bonus share in 1:2 ratio
Aakash Exploration Services board approves to issue bonus shares and to increase its authorised share capital.
Company : Aakash Exploration Services Limited
Aakash Exploration Services has informed the Exchange that the Board of Directors at its meeting held on February 08, 2020, have considered and approved the issues of bonus shares in the ratio of 1: 2, i.e. 1 Equity Share for every 2 Equity Shares of the company held by shareholders whose names appear in the register of members of the Company
Further, the Board at Aakash Exploration Services approved the increase in authorised share capital of the company to Rs.10.20 crore divided into 1.02 crore equity shares of value Rs.10 each, by amending capital clause of the memorandum of association of the company.
Ahmedabad based Aakash Exploration Services Limited is a leading company providing services for oil and gas exploration.