Ratnamani Metal board Oks 1:2 bonus difficulty by admin- Thursday, May 19th, 2022 03:33:40 PM
Ratnamani Metal & Tubes board has considered and advocated a bonus difficulty within the ratio of one:2 i.E. One new bonus Equity Share of Rs. 2/- each for every Two current completely paid up Equity Shares of Rs. 2/- every, situation to approval by using the participants and every other applicable statutory and regulatory approvals through postal ballot . Further, the bonus shares may be credited to those members who are holding the equity stocks as on a report date July 1, 2022.
The Board has recommended a Dividend of Rs.14.00 in step with Equity Share (i.E. @ 700%) on 4,67,28,000 Equity Shares of Rs.2.00 every (pre-bonus) to the members, which translates into dividend of Rs.Nine.33 consistent with fairness percentage, having face fee of Rs.2/- every (put up-bonus), for the financial yr ended on March 31, 2022, difficulty to the approval of the Members at the following 38th Annual General Meeting of the Company. The dividend, if permitted by way of the participants at the following AGM, might be paid to the member’s concern to deduction of tax at source, on or earlier than September eight, 2022.