Bonus action 2023: The board of directors of Integra Essentia Ltd has approved the issue of bonus shares to its investors. The company informed this decision through an exchange filing. According to the filing, the board of directors approved the issuance of bonuses in the ratio of 1:1. This means that eligible shareholders will be allocated one free share for each share they hold.
“Issue of a free issue of equity shares in the ratio of 1:1, i.e. 01 (one) equity share of Re 1 each for every 1 (one) equity share of Re 1 each held by eligible shareholders of the company as of the record date.”, reads the exchange filing.
However, this is subject to shareholder and other statutory approvals. Furthermore, the company informed the exchange that it will fix and inform the registration date in the coming days.
“The record date for determining eligible shareholders will be decided and subject to a separate exchange,” the company said.
Further, Integra Essentia has approved the raising of Rs 100 crore through preferential allocation, QIP, ADR, GDR, FCCB or any other method.
« to further accelerate growth, issue and allotment of securities to raise funds in an aggregate amount up to Rs. 100 Crore (Rupees Hundred Crore), by way of preferential allotment, QIP, d ADR, GDR, FCCB or any other method or combination thereof, including a series of rights issue(s), each tranche not exceeding Rs. 50 Crores (Rs. Fifty Crores only ), on these conditions (to be decided later by the Council or a duly constituted committee of the Council),” he added.
