Bonus Alert: This company to consider issuance of bonus shares - Details

Sakuma Exports Ltd., an agro-commodities company, has announced that its board will soon meet to consider an issue of bonus shares. According to the company, it has a surplus reserve that enables the company to reward its equity shareholders with a maximum of 20 bonus shares for every 1 share held. 

"The meeting of the Board of Directors of the company is scheduled to be held on Monday, 01st July 2024 at 12:00 noon at the registered office of the company, inter-alia to consider and approve the proposal for the issue of bonus shares to the equity shareholders of the company to further reward their trust and investment in the company," it said in a filing.

Meanwhile, the company is planning to launch its ethanol production plant in the United Kingdom. Set to begin operations next quarter, Sakuma Exports UK is projected to generate a revenue of Rs 400 to Rs 500 crores every month.

According to the filing, the trading window for dealing in the securities of the company will be closed for all designated persons/ insiders, their relatives from 19.06.2024 for the Board meeting dated 01.07.2024 and shall continue to remain closed till the end of 48 hours after the conclusion of the said meeting.

For the past 19 years, SAKUMA Exports Ltd. has consistently paid dividends, demonstrating its commitment to providing steady returns to its shareholders. This track record of reliability and financial discipline reinforces investor confidence and highlights the company's robust cash flow management.