Standard Capital Markets' Members Approve Bonus Issue And Stock Split
Dalal Street Investment Journal|January 01, 2024
Standard Capital Markets Ltd., a leading player in the financial services sector, has informed the BSE of the outcome of its EGM. After the board approved the stock split in a 10:1 ratio (subdivision of one equity share of face value of Rs 10 into 10 shares with face value of Rs 1 each) and bonus issue in 2:1 ratio (two bonus shares of face value of Rs 1 for every existing equity share of face value of Rs 1 held), the company informed the exchange that the members had approved the said announcements and the required resolutions were passed.
Standard Capital Markets' Members Approve Bonus Issue And Stock Split

The record date for the stock split and bonus issue is set as December 29, 2023. The company also approved the appointment of Divya Kwatra (DIN: 08084104) as a nonexecutive and independent director through the passing of a special resolution, and the increase in authorised share capital and consequent alteration of capital clause of memorandum of association of the company through an ordinary resolution.

This story is from the January 01, 2024 edition of Dalal Street Investment Journal.

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This story is from the January 01, 2024 edition of Dalal Street Investment Journal.

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