Growington Ventures Bonus shares 2023: One of the multibagger stocks that the Indian stock market has provided over the past year is Growington Ventures India, which is listed on the BSE. This multibagger small-cap stock has increased by 800% in the past year, turning a one lakh rupee investment into nine lakh rupees.
Today, the small-cap company informed the BSE that it would distribute bonus shares to its qualified shareholders. An announcement on the 24:100 ratio of bonus shares was made by the BSE-listed company. The firm board set the record date for bonus shares as March 25, 2023.
Multibagger stock informed BSE about allocation of 24:100 bonus shares citing, “With reference to the captioned subject the Board of Directors of the Company at its meeting held on 27th March, 2023, has approved allotment of 30,76,896 Bonus Equity Shares of face Value of Rs. 10/- each to the members holding shares as on the Record date i.e. 25th March, 2023.”
Growington Ventures bonus shares
The Members of the Company have approved the issue of bonus shares in proportion of 24 Bonus Equity Shares for every 100 fully paid-up Equity Shares held by the Members, which will be treated as an increase in the paid-up capital.
Growington Ventures bonus share record date
On bonus share record date, the BSE listed small-cap stock said, “We further wish to inform that the Board of Directors of the Company have approved and fixed 25% March, 2023 as the Record Date [or the purpose deciding the Members who shall be eligible to the allotment of the Bonus Shares as per ratio mentioned above by capitalization of such as may be required, from the Securities Premium Account, Free Reserves or any other permitted reserves/ surplus of the Company for the purpose of issue of Bonus Shares of Rs. 10/- (Rupees Ten) each, credited as fully paid-up to the holders of the Equity Shares of the Company, whose names appear on the Register of Members on the Record Date of 25% March, 2023.”