Board at Palm Jewels to issue bonus shares in 36:100 ration
Palm Jewels announced that the board of directors have approved to increase the issuance of bonus shares.
Company : Palm Jewels Ltd
Board of Directors of Palm Jewels stated that company issues Bonus Shares in the proportion of 36:100 (36 fully paid up Bonus Equity Shares for every 100 existing fully paid up equity shares held) subject to the shareholders approval.
Further, Palm Jewels made an announcement regarding the Boards decision to consider and approve the increase in authorized share capital of the company from Rs.7.40 crore (divided into 74 lacs share of value Rs.10 each) to Rs.10,04,10,000 (divided into 1,00,41,000 equity shares of value Rs.10 each).