In this article, we are going to talk about the Bonus shares in 2023. Alphalogic Industries Ltd is a company that was founded in 2014 by experienced professionals from the Storage System Industry. Reportedly, Alphalogic Industries Ltd shares will be in focus when the stock market opens on Friday, 1 December 2023 as its Bonus Issue is set for the day. The firm will issue Bonus Shares in the ratio of 1:1 which means 1 equity share of ₹10 each for every 1 equity share held to its eligible shareholders. Here we have more information about the news and we will share it with you in this article.
The board of directors of Alphalogic Industries Limited had suggested the bonus issue in its meeting on 18 October 2023. The record date to decide entitlement of eligibility of shareholders for Bonus Issue was 24 November 2023. Currently, this news has been gathering huge attention from the people. Now many people are searching for the company name on the internet as they are super curious to know about Alphalogic Industries bonus share details. You are on the right page for more information about the news, so please read the complete article till the end.
Alphalogic Industries bonus share details
The earlier record date for bonus shares had been fixed on 24th November 2023, Friday but later on board of directors of the firm revised the bonus share record date to Friday, 1 December 2023. Alphalogic Industries noted the Indian stock market exchange about the modified record date to finalise the list of eligible shareholders citing,” We would like to tell you that the firm is yet to get the In principal approval for Bonus Issue and because of technical issue, the firm has determined to revise the record date. You are on the correct page for more information about the news, so please read the complete article.
As far as we know, Alphalogic Industries Ltd shares locked at ₹355.30, down 5.00% on Thursday. The firm’s shares created a debut on the BSE SME exchange on 14 July 2023. The stock was listed at ₹96 per share. In July, the firm had increased funds through an IPO. Its IPO was completely the latest issue of up to 13.41 lakh equity shares, aggregating up to ₹12.88 crores. For the fiscal year in 2023, the firm had noted net proceeds of ₹2.19 crore and a total income of ₹18.23 crore. Here we have shared all the information that we had. Stay connected with us for more updates.