1:1 Bonus Shares: Integra Essentia approves allotment of bonus equity shares
1:1 Bonus Shares: Consequent to said above allotment the issued, subscribed and paid-up equity share capital of the company would be increased from Rs 45,70,33,003 to Rs 91,40,66,006.
1:1 Bonus Shares: Recycling player Integra Essentia has stated that its board of directors has approved the allotment of 45,70,33,003 Equity Shares of Re 1 each by way of bonus issue to
eligible shareholders. The company had declared January 11 as the record date for this corporate action.
"Board of Directors at its meeting held today i.e. January 13, 2024 has approved the allotment of 45,70,33,003 Equity Shares of Rs. 1/- each by way of bonus issue to such members whose names have appeared in the Register of Members as on January 11, 2024," the company said in an exchange filing.
"Bonus Issue of 1 (One) equity share of Rs. 1/- (Rupees One) each for every 1 (One) existing equity shares of Rs. 1/- (Rupees One) each," the company added.
Consequent to said above allotment the issued, subscribed and paid-up equity share capital of the company would be increased from Rs 45,70,33,003 to Rs 91,40,66,006.
Meanwhile, the company has announced that it will acquire an additional substantial stake in Brewtus Beverages Pvt Ltd (BBPL). Brewtus Beverages is currently an associate concern with Integra Essential holding about 25.76 per cent of the equity.
"The Company after the additional enhancement in stakes will hold about 51 per cent of BBPL, making it a subsidiary concern," it said
Earlier, Integra Essentia reported a net profit of Rs 7.52 crore for the September quarter, aided by higher income. It had clocked a net profit of Rs 2.15 crore in the year-ago period.
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02:14 PM IST