Gujarat Toolroom Limited Board to Meet on January 6 For Bonus Issue

Gujarat Toolroom Limited has formally notified the Bombay Stock Exchange (BSE) regarding an upcoming Board Meeting scheduled for January 6, 2025. This announcement pertains to a critical decision about issuing bonus shares, highlighting the company’s strategic move to reward its shareholders.

Proposal for Bonus Shares

As per the intimation, the Board of Directors will deliberate on the issuance of bonus equity shares in the ratio of 5:1. This means shareholders will receive five additional equity shares for each share they currently hold. The funding for this issuance will be drawn from the company’s securities premium account. The bonus shares will be distributed to shareholders listed as eligible on the proposed record date, pending approval from the shareholders during the meeting.

The company has complied with Regulation 29(1)(f) of SEBI’s Listing Obligations and Disclosure Requirements. By sharing this information, Gujarat Toolroom Limited ensures transparency and keeps its stakeholders informed. The intimation highlights the company’s commitment to maintaining open communication and disseminating relevant updates effectively.

Gujarat Toolroom Share Performance

As of January 01, 2025, 2:46 PM, the shares of Gujarat Toolroom are locked at an upper circuit limit of  ₹17.22 per share with a surge of 5% from its previous day’s closing price. Over the last month, the stock has seen a surge of 33.70%. While over the year the stock has declined by 64.39% the stock has a 52-week high and 52-week low of ₹45.95 per share and ₹10.75 per share respectively.

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