Sugar stock declares 1:10 bonus shares; here's board meeting outcome on record date, change in authorised capital
1, Oct. 13 -- 10 bonus shares: In a bid to reward its shareholders, the board of directors of the small-cap company with a market cap of Rs.310 crore, declared the issuance of bonus shares to its eligible shareholders. The company's board approved the proposal to issue 10 bonus shares for every share held by an eligible shareholder. However, the company board made it clear that the record date for the bonus shares will be announced later.
The company board approved the increase in the company's authorised capital at its meeting on Monday. The sugar industry company is C K K Retail Mart Limited, and its share is currently available at Rs.160 in the green zone. This is the first-ever bonus shares announced by the company in its share listi...
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