Narmada Agrobase to issue bonus share in 8:10 ratio
Narmada Agrobase announced the decision regarding bonus issue of equity shares in the ratio of 8:10
Company : Narmada Agrobase Limited
Board of Directors at Narmada Agrobase has recommended bonus shares in the ratio of 8:10. That means 8 equity share for every 10 full paid up equity shares as on the record date.
Further, the Board also approved the increase in authorised share capital of Narmada Agrobase from Rs.80 crore (divided into 80 lacs equity shares of value Rs.10 each) to Rs.13.60 crore (divided into 1.36 crore equity shares of value Rs.10 each) by amending capital clause of the memorandum of association of the company.
Narmada Agrobase Limited is a leading cotton seed meal cake, cattle feeds, soya bean meal processor in India. The company is ISO 9001:2015 certified.