The company had announced that it would be issuing bonus shares to its eligible shareholders in the ratio of 2:1, which means that for each share held by the shareholders, they will receive two bonus shares in their Demat account.
The company stated in a previous filing that it will require Rs 26.33 crore from its free reserves/share premium for implementing the bonus issue.
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The bonus shares of the company will be credited to the eligible shareholders within two months from the date of the board’s approval, as stated in the previous filing.
Further, the company’s paid-up share capital on the pre-bonus basis stands at Rs 13.16 crore, as per the information available with the exchanges. This capital will be equivalent to Rs 39.49 crore post the issue of the bonus shares.
For the quarter ended March 31, 2024, Alliance Integrated Metaliks had recorded a loss of Rs 18.97 crore against a PAT of Rs 67 crore in the same quarter of the previous year. The company’s revenues from operations also stood at Rs 24.17 crore up from Rs 13 crore for the corresponding quarter last year.
In the last year, the shares of Alliance Integrated Metaliks have given multibagger returns of 255%, while in the past 6 months alone, the stock has surged 120%, as per the Trendlyne data.
Shares of Alliance Integrated Metaliks closed 2.5% lower at Rs 96.20 on BSE on Tuesday.
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