Multibagger stock announces
Multibagger stock announces
1:2 bonus shares issue
1:2 bonus shares issue
Cosmo Films announced that its board at its meeting held on May 09, 2022, has approved the issue of bonus equity shares in the ratio of 1:2
subject to shareholders and other necessary approvals. The company added that record date for reckoning eligible shareholders
entitled to receive bonus shares will be communicated later.
“This is to inform that the board of directors of the company at its meeting held on May 09, 2022, has inter alia approved
issue of bonus shares in the proportion of one equity share of ₹10/- each for every two existing equity shares of ₹10/- each held by the shareholders
Bonus shares are fully paid additional shares issued by a company to its existing shareholders.
The board at its meeting held on Monday have also recommended change in name of the Company from “Cosmo Films Limited"
to “Cosmo First Limited", subject to the approval of its shareholders.
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