Thangamayil Jewellery Limited, has recently made significant announcements regarding its operations. The company's board of directors has recommended the issuance of bonus shares to existing shareholders, indicating a commitment to rewarding and sharing its success with investors.
Thangamayil Jewellery Limited, has recently made significant announcements regarding its operations. The company's board of directors has recommended the issuance of bonus shares to existing shareholders, indicating a commitment to rewarding and sharing its success with investors.
Thangamayil Jewellery Limited, bonus shares, board of directors, existing shareholders, record date, Annual General Meeting (AGM), share performance, Bombay Stock Exchange (BSE), trading, stability, investor confidence
Thangamayil Jewellery Limited, a leading jewellery company, has received a recommendation from its board of directors for the issuance of bonus shares to existing shareholders. The proposed bonus share issuance will be at a ratio of 1:1, meaning that shareholders will receive one additional share for each share they currently hold. The record date for determining eligible shareholders will be announced after the upcoming Annual General Meeting (AGM) scheduled for July 24th, 2023. This recommendation has been duly approved by the company's shareholders.
In the stock market, Thangamayil Jewellery Limited's shares were recently trading on the Bombay Stock Exchange (BSE) at Rs. 1134.85, slightly higher than the previous closing price of Rs. 1122.90. Throughout the trading day, a total of 918 shares were traded in 151 transactions.
The board's recommendation for a bonus share issue reflects the company's commitment to rewarding its existing shareholders and sharing its success with them. Bonus shares provide shareholders with additional ownership in the company without requiring any additional investment. This move not only enhances shareholder value but also strengthens the company's capital structure.
Thangamayil Jewellery Limited's shares have demonstrated stability and investor confidence, as reflected in their consistent trading performance. The company remains focused on delivering value to its shareholders while maintaining a strong presence in the market.
As the company prepares for its upcoming AGM, shareholders can look forward to the potential benefits of bonus shares and continued growth in Thangamayil Jewellery Limited's performance.
Please note that stock market prices are subject to change and may vary from the mentioned figures.
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