Board of Directors of Rajnandini Metal approved the issue of bonus shares in the ratio of 1:1.

Company : Rudrabhishek Enterprises Limited

As per report published by Rajnandini Metal, the Board has approved issue of Bonus Shares in the ratio of 1:1 that is 1 bonus share for every fully paid-up equity share of the company as on September 04, 2020 being 'record date' fixed for this purpose.

The Board also considered increase in the authorized share capital from Rs.6.50 crore (divided into 65 lacs equity shares of value Rs.10 each) to Rs.12.50 crore (divided into 1.25 crore equity shares of value Rs.10 each), by creating additional 6crore which is subjected to the approval of the shareholders.

Rajnandini Metal Ltd is in business of trading of scrap of all types of ferrous and Non-ferrous Metals such as Copper Wires, ingot scrap, and other related items used in various electrical and industrial applications.

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