3:1 bonus shares: Allcargo Logistics stock in focus as share trades ex-bonus today. Details here

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Bonus shares 2024: Allcargo Logistics stock is in focus today as the share is trading ex-bonus today. The board of directors of the company had declared issuance of bonus shares in 3:1 ratio in its meeting held on 10th November 2023.

Later on, the board fixed 2nd January 2024 as record date for finalising the list of eligible shareholders for issuance of bonus shares. Also Read: Top 7 investment trends to look out for 2024 Informing Indian stock market exchanges about bonus shares, Allcargo Logistics said, "With reference to our letters dated November 03, 2023 and November 7, 2023 and in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), we wish to inform you that the Board of Directors of the Company at its Meeting held today i.e., November 10, 2023, inter alia considered and approved the issue of bonus shares by capitalizing a sum not exceeding ₹147,41,73,144/- (Rupees One Hundred Forty Seven Crores Forty One Lakhs Seventy Three Thousand One Hundred Forty Four only) out of the sum standing to the credit of Free Reserves of the Company, as per the audited financial statements of the Company for the financial year ended March 31, 2023 and that the said amount be transferred to the Share Capital Account and be applied for issue and allotment of equity shares not exceeding 73,70,86,572 (Seventy Three Crores Seventy Lakhs Eighty Six Thousand Five Hundred Seventy Two) equity shares of ₹2/-(Two) each as fully paid up bonus shares, to the eligible members of the Company holding equity shares of ₹2/- (Two) each, whose names appear in the Register of Members/Beneficial Owners’ position of the Company on such