6:11 bonus, 1:10 stock split: Stock of this garment player to trade ex-bonus, ex-split next week
Earlier, it was March 27 2024 but later on, they revised the record date for bonus shares and stock split to 28th March 2024.
Shares of Lorenzini Apparels Limited, which is engaged in the business of manufacturing and designing readymade garments, will be trading ex-bonus and ex-split on 28th March 2024.
The board of directors of the small-cap company has fixed March 28, 2024 as the record date for ascertaining the eligible shareholders for issuance of 6:11 bonus shares and a 1:10 stock split. Earlier, it was March 27 2024 but later on, they revised the record date for bonus shares and stock split to 28th March 2024.
"In continuation to our earlier communication dated March 15, 2024, informing the fixation of Record Date of Wednesday, March 27, 2024, to ascertain the eligibility of the shareholders/security holders entitled to Sub-division of the face value of Equity Shares & Bonus Equity shares. In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, due to an inadvertent typographical error, the record date is mentioned as 27th March 2024 instead of 28th March 2024," the company said in an exchange filing.
"Further, the revised Record Date is Thursday, March 28, 2024, for a) Sub-division of the face value of Equity Shares (all the Authorized, Issued, Subscribed, and Paid-up Equity Shares of the nominal value of Rs. 10/- (Rupees Ten Only) each shall stand subdivided into 10 (Ten) Equity Shares of the nominal value of Re. 1/-(One Rupee) each fully paid up and; b) ascertaining the eligibility of security holders entitled for issuance of Bonus Equity Shares of the Company in the ratio of 6:11 i.e. 6 (Six) Equity Shares for every 11 (Eleven) Equity Shares having a face value of Re. 1/- (considering the post-sub-division/split of face value of equity shares)," Lorenzini Apparels said.
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