Vaksons Automobiles to issue bonus shares in 3:5 ratio
Board at Vaksons Automobiles approved the increase in authorised share capital of the company and considered issuing bonus shares to the shareholders.
Company : Vaksons Automobiles Ltd
Vaksons Automobiles made an announcement regarding the Board"s decision to issue bonus shares in the ratio of 3:5, that is 3 bonus equity shares of value Rs.10 each fully paid up for every 5 existing equity shares of value Rs.10 each fully paid up held as on record date.
The Board also approved the increase in authorized share capital of the company from Rs.7.50 crore (divided into 75 lacs equity shares of value Rs.10 each) to 11 crores (divided into 1.10 crore equity shares of value Rs.10 each )
Vaksons Automobiles have recently incorporated a subsidiary company in the name and style of 'Vaksons Metaplast Pvt. Ltd.' in order to undertake trading in auto parts, HDPE and LDPE polymer, aluminium scrap, and other metal and plastic items on a larger scale.