The Board of Directors of Monarch Networth Capital Limited ("the Company") at the Board Meeting held today i.e., September 16, 2024, have considered and approved the allotment of 3,92,30,469 (Three Crores Ninety Two Lakhs Thirty Thousand Four Hundred Sixty-Nine) equity shares of face value of Rs. 10/- each fully paid-up as Bonus Equity Shares in the proportion of 1:1 i.e. 1 (One) Bonus Share of Rs. 10/- each for every 1 (One) existing Equity Share held to be credited as fully paid-up Equity Shares to the holders of the existing Equity Shares of the Company whose names appeared in the Register of Members or in the Register of Beneficial Owners maintained by the Company/ Depositories as on 13th September, 2024, i.e. the Record Date fixed for this purpose including the allottees to the preferential issue to whom the allotment was made on August 28, 2024.
Consequently, the paid-up share capital of the Company stands increased from Rs. 39,23,04,690/- divided into 3,92,30,469 equity shares of face value of Rs. 10/- each to Rs. 78,46,09,380/- divided into 7,84,60,938 equity shares of face value of Rs. 10/- each.
The Bonus Equity Shares shall rank pari-passu and carry the same rights with the existing Equity Shares of the Company in all respects.
Shares of Monarch Networth Capital Ltd was last trading in BSE at Rs. 431.35 as compared to the previous close of Rs. 439.80. The total number of shares traded during the day was 12714 in over 720 trades.
The stock hit an intraday high of Rs. 447.15 and intraday low of 423.50. The net turnover during the day was Rs. 5471634.00. |
