Ram Ratna Wires Limited and Pondi Oxides & Chemicals Limited are the two companies which will consider a proposal to issue bonus equity shares along with their quarterly results in their respective board meetings to be held on August 10, 2022. Bonus shares are fully paid-up additional shares. Issued by a company to its existing shareholders.
Pondy Oxides & Chemicals Ltd.
Pondi Oxides reported on 25 July, that “the meeting of the Board of Directors of our Company is proposed to be convened on Wednesday, 10 August 2022 at 03:00 PM to, inter alia: consider the unaudited financial results and To approve the proposal for the quarter ended June 30, 2022; bonus shareon the equity shares of the company, if any.”
Established in 1995, Pondi Oxides & Chemicals Limited (POCL) is a leading Lead, Lead Alloys and Plastic Additives producer. The chemical stock has risen more than 68% in a one-year period.
Ram Ratna Wires Limited
Ram Ratna Wires, on the other hand, in an exchange filing last week said that “The Board of Directors of the Company shall be held on Wednesday, August 10, 2022 through video conferencing, to consider, approve and record the following, inter alia, Take in: Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2022.
The Board shall also consider “increase in the authorized share capital of the company and consequent alteration of clause V of the Memorandum of Association of the company, subject to approval by the members; and the proposal to issue bonus shares, subject to approval by the members and any other required approval.” “
Ram Ratna Wires Limited is engaged in manufacturing of Copper Winding Wires. Multibagger stock has gained over 123 per cent in a one-year period.
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