4:1 Bonus Shares: This engineering major announces record date - Check details

4:1 Bonus Shares: Salasar Techno Engineering Ltd has announced the record date for the bonus shares. The company has already announced the issue of bonus shares in the proportion of 4:1. This means, that four new fully paid-up bonus equity shares of face value of Rs l each will be provided for one existing fully paid-up equity share of Rs 1 each held by the shareholder.

4:1 Bonus Shares Record Date

The company has informed the exchange that January 18 has been fixed as the record date for the purpose of identifying the shareholders who will be eligible for this corporate action. 

"Board of directors in their meeting held today dated January 18, 2024 has fixed Thursday, February 1, 2024 as the Record Date for the purpose of ascertaining the eligibility of shareholders for entitlement of bonus shares," the company said in a regulatory filing.

Estimated date by which such bonus shares would be credited/dispatched: Within 2 months from the date of the Board meeting wherein the decision of bonus shares issue was taken subject to the approved shareholders.

Free reserves and  share implementing premium required for the bonus issue: Rs 126,28,21,120 /- is required for implementing the bonus issue 

Total number of securities proposed to be issued or the total amount for which the securities will be issued: 126,28,21,120 Equity Shares of Rs 1/- each fully paid-up

Salasar Techno share price NSE

Salasar Techno shares gain by as much as five per cent to clock a 52-week high of Rs 74.95 apiece on the BSE on Friday. The counter at 12:45 PM, traded at 5.73 per cent higher at Rs 74.53 on the BSE.