Sikko Industries to issue bonus shares in the ratio of 1:1
Sikko Industries got the approval from its Board to issue bonus shares after the approval of shareholders.
Company : Sikko Industries Limited
Board of Directors at Sikko Industries considered issuing bonus shares in the ratio of 1:1. This means 1 bonus equity share of value Rs.10 each for every 1 equity shares of value Rs.10 each held as on the record date. The record date for issuing the bonus shares will be announced on due course.
The Board at Sikko Industries also approved the increase in authorized share capital of the company from Rs.6 core (divided into 6lacs shares of value Rs.10 each) to Rs.12 crore (divided into 1.20 crore shares of value Rs.10 each).
SIKKO GROUP has been founded by Mr.Jayantibhai Kumbhani in the year of 1997. Initially they have started the business by the name of Sikko Sprayers & Export Company manufacturing Knapsack Sprayers and it came in to existence as Sikko Sprayers Pvt Ltd in the year 1999 and it gained the fame & recognition as SIKKO INDUSTRIES LIMITED in the year 2000.