Silgo Retail to issue bonus shares in the ratio of 1:4

Silgo Retail got the approval from its Board to issue bonus shares.

Board of Directors at Silgo Retail approved the issue of bonus shares in the ratio of 1:4 and fixed record date to determine eligible shareholders.

Board at Silgo Retail has approved the issue of Bonus Shares in the proportion of 1:4. This means 1 (One) equity share of Rs.10 each for every 4 (four) existing equity share of Rs.10 each held.

The 'record date' for this purpose to determine eligible shareholders will be decided in due course.

Board at Silgo Retail has also approved the increase in share capital of the company from Rs.8,21,60,000 (divided into 82,16,00 shares of Rs.10 each) to Rs.10,27,00,000 (divided into 1,02,70,000 shares of Rs.10 each).

Silgo Retail Limited is engaged in the business of designing, manufacturing, retailing and Wholesaling of silver jewelry. They deal in silver jewellery and offer a wide variety of designs to suit the preferences of the end customers.

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