Allcargo Logistics informs about outcome of board meeting

01 Jan 2016

Allcargo Logistics has informed that the Board of Directors of the Company at its meeting held on January 1, 2016 has considered and approved allotment of 126,047,762 equity shares of Rs 2 each fully paid up as Bonus Shares in the ratio of 1:1 to the Members of the Company whose names appeared in the Register of Members/List of Beneficial Owners as on the Record Date i.e. December 31, 2015. Consequent to the aforesaid allotment of Bonus Shares, the issued, subscribed and paid up share capital of the Company stands increased from Rs 252,095,524 divided into 126,047,762 equity shares of Rs 2 each fully paid up to Rs 504,191,048 divided into 252,095,524 equity shares of Rs 2 each fully paid up. The Bonus shares so allotted shall rank pari passu in all respect with the existing equity shares of the Company including dividend entitlement.

The above information is a part of company’s filings submitted to BSE.

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Puchho Befikar
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