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Alstone Textiles (India) informs about outcome of board meeting

16 Dec 2022 Evaluate
Alstone Textiles (India) has informed that the Board of Directors of the Company, at its meeting held today, 16th day of December, 2022 has allotted 1,14,73,20,000 Equity Shares of Re 1 each as fully-paid up Bonus Equity Shares, in the ratio of 9:1; issue of 9 (Nine) Equity Shares of Re 1 each for every 1 (One) existing Equity Share of Re 1 each, to the eligible Members whose names appeared in the register of Members/ list of beneficial owners as on 14th day of December, 2022, record date fixed for this purpose. Consequently, the paid-up Equity Share Capital of the Company stands increased from Rs 12,74,80,000 divided into 12,74,80,000 Equity Shares of Re 1 each to Rs 1,27,48,00,000 divided into 1,27,48,00,000 Equity Shares of Re 1 each. The Board meeting commenced at 12:00 PM and concluded at 12:45 PM.

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