Cosmo Films Ltd board recommends 1:2 bonus issue

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The Board of Directors of Cosmo Films Ltd at their meeting held on Monday, May 09, 2022 has recommended issue of Bonus Equity Shares in the proportion of 1 (One) Equity Share of Rs.10/- each for every 2 (Two) existing Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the Record Date, subject to the approval of shareholders of the Company through Postal Ballot and other applicable statutory and regulatory approvals; as may be required.

The record date for reckoning eligible shareholders entitled to receive bonus shares will be announced later.

The board also approved increase in Authorised Share Capital of the Company from Rs.25,00,00,000/- (Rupees Twenty Five Crores) divided into 2,50,00,000 Equity Shares of Rs.10/- each, to Rs.60,00,00,000/- (Rupees Sixty Crores) divided into 6,00,00,000 Equity Shares of Rs.10/- each and consequent alteration in the capital clause of the Memorandum of Association of the Company subject to approval of shareholders through postal ballot, and any other applicable statutory and regulatory approvals.