Zodiac Energy to issue bonus shares in 1:1 ratio
Board at Zodiac Energy approved the issuing bonus shares to the shareholders.
Company : Zodiac Energy Limited
At a meeting held on 1st September, 2020, Board of Directors at Zodiac Energy decided to issue bonus shares in the ratio of 1:1, that is 1 bonus equity share of value Rs.10 fully paid up for every 1 existing equity share of value Rs.10 each fully paid up held.
The Board also considered the increase in authorized share capital of the company from Rs.7.50 crore(divided into 75 lacs equity shares of value Rs.10 each) to Rs.15 crore(divided into 1.50 crore equity shares of value Rs.10 each) and consequent to the amendment in the Capital Clause (Clause V) of Memorandum of Association of the Company.
The estimated date by which Bonus shares would be credited has been fixed as within 2 months from the date of Board approval i.e. by October 31, 2020.
Zodiac Energy Ltd Energy Solution Provider has more than two decades of experience in majority of verticals of power generations spectrum.
Companys spectrum of services include Design, supply, installation, Testing and Commissioning (EPC) and Operation and Maintenance (O&M) in short they provide turnkey solutions from concept to commissioning of power plants.