Waaree Technologies to issue bonus shares in the ratio of 2:5
Waaree Technologies got the approval from its Board to issue bonus shares.
Company : Waaree Technologies
Board of Directors at Waaree Technologies considered issuing bonus shares in the ratio of 2:5. This means 2 bonus equity shares of value Rs.10 each for every 5 equity shares of value Rs.10 each held as on the record date. The record date for issuing the bonus shares will be announced on due course.
The Board at Waaree Technologies also approved the increase in authorized share capital of the company from Rs.26,320,000 (divided into 2,632,000 shares of value Rs.10 each) to Rs.36,848,000 (divided into 3,684,800 shares of value Rs.10 each).
Incorporated in 2003, Waaree Technologies Limited manufactures renewable energy equipment. The Company offers solar energy products such as pumps, inverters, batteries, calculator, and panels.