Nakoda Group of Industries to issue bonus shares in the ratio of 5:8
Nakoda Group of Industries got the approval from its Board to issue bonus shares after the approval of shareholders.
Company : Nakoda Group of Industries Ltd
Board of Directors at Nakoda Group of Industries considered issuing bonus shares in the ratio of 5:8. This means 5 bonus equity share of value Rs.10 each for every 8 equity shares of value Rs.10 each held as on the record date. The record date for determining the eligible shareholders has been fixed as 26th February, 2021.
The Board at Nakoda Group of Industries also approved the increase in authorized share capital of the company from Rs. 6,85,20,000 (divided into 68,52,000 shares of value Rs.10 each) to Rs. 11,13,45,000 (divided into 1,11,34,500 shares of value Rs.10 each).
Nakodas group is a Leading manufacturer of Tutti Fruity (Diced Chelory) also called as “Papaya Preserve”, Karonda Cherries (Indian Cherries), Sweet lime peels, Orange Cut Peels, Hulled Auto dry Sesame Seeds, All Variety of Jams, Sauces, Spices, Chikkis (Fruity Bars), Pickles, Papads, Canned Vegetables and Frozen Fruits & Vegetables.