Investing.com — The USA coal supplier and importer in the Indian market Anmol India (NS:ANMI) will remain under focus this month as its shares will turn ex-bonus next week in the ratio of 4:1.
The company’s Board of Directors had approved the allotment of four fully paid bonus equity shares of Rs 10 each for every one existing fully paid-up share of Rs 10 each to its shareholders as of the record date, at no additional cost.
The issuance of bonus shares is subject to the approval of Anmol India’s shareholders, which is to be obtained by Postal Ballot.
The Board of the small-cap company has fixed the record date for determining the shareholders’ eligibility for the aforementioned 4:1 bonus share issue as Tuesday, July 18, 2023.
The total number of securities proposed to be issued for the bonus share issue is set at 4,55,31,320 equity shares of Rs 10 each fully paid up.
The bonus shares will be issued out of free reserves and securities premium account as available as on March 31, 2023, Anmol India said.
Its Board of Directors had also approved to increase its Authorized Share Capital from the existing Rs 11.5 crore to Rs. 57 crores, subject to the approval of shareholders to be obtained by Postal Ballot.
Shares of Anmol India have jumped 58.12% so far in the calendar year, and have skyrocketed over 800% over the past three years.
