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Board of Balmer Lawrie & Company approves bonus issue of 1:2

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Capital Market

At meeting held on 11 November 2019

The Board of Balmer Lawrie & Company at its meeting held on 11 November 2019 has recommended issuance of Bonus Shares of the Company in the ratio of 1:2. The Board has approved the proposal to capitalize Rs. 57,00,12,820/- out of the existing reserve and surplus of the Company to issue the aforesaid bonus shares and thereby increasing the paid up capital from Rs. 1,14,00,25,640 to Rs. 1,71,00,38,460.

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First Published: Nov 12 2019 | 9:46 AM IST

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