Shubham Polyspin to issue bonus shares in 1:1 ratio
Board at Shubham Polyspin approved the increase in authorized share capital of the company and considered issuing bonus shares to the shareholders.
Company : Shubham Polyspin Ltd
At a meeting held on 3rd September, 2020, Board of Directors at Shubham Polyspin decided to issue bonus shares in the ratio of 1:1, that is 1 bonus equity share of value Rs.10 fully paid up for every 1 existing equity share of value Rs.10 each fully paid up held.
The Board also considered the increase in authorized share capital of the company from Rs.6.01 crore to Rs.12.01 crore(divided into 1.20 crore equity shares of value Rs.10 each).
Shubham Polyspin Ltd (incorporated in 2012 in Ahmedabad, Gujarat) is engaged in manufacturing of HDPE/PP woven polybags.They also manufacture on Job Work basis.