Add - Shop Promotions to issue bonus share in 3:4 ratio
Add - Shop Promotions board approves to issue bonus shares and to increase its authorised share capital.
Company : Add-Shop Promotions Ltd
Add - Shop Promotions has informed the Exchange that the Board of Directors at its meeting held on May 26, 2020, have considered and approved the issues of bonus shares in the ratio of 3:4, i.e. 3 Equity Share for every 4 Equity Shares of the company held by shareholders
Further, the Board at Add - Shop Promotions approved the increase in authorised share capital of the company to Rs.11.50 crore , and alteration of clause V of the memorandum of association of the company.
Add Shop Promotions Ltd is engaged in the business of marketing and distribution of products in the categories of ayurvedic products, food supplement products, agricultural products, animal feed supplement products and personal care products under the brand name - Add-Shop Promotions.
Company distributes organic products to farmers for their agriculture use as well organic cattle feed products for their livestock.