Maheshwari Logistics to issue bonus shares in 1:1 ratio
Board at Maheshwari Logistics approved the increase in authorized share capital of the company and considered issuing bonus shares to the shareholders.
Company : Maheshwari Logistics Limited
Maheshwari Logistics made an announcement regarding the Board"s decision to issue bonus shares in the ratio of 1:1, that is 1 bonus equity share of value Rs.10 each fully paid up for every 1 existing equity share of value Rs.10 each fully paid up held.
The Board also approved the increase in authorized share capital of the company from Rs.16 crore (divided into 1.60 crore equity shares of value Rs.10 each) to 30 crores (divided into 3 crore equity shares of value Rs.10 each).
Incorporated in 2006, Maheshwari Logistics Limited provides logistics services in India. They offers logistics services to cement, paper, and oil industries, as well as to other manufacturing industries and traders. The company is also involved in supplying non-coking coal; and manufacturing and trading of kraft paper.