Alphalogic Techsys Board Stock Fixes Record Date For 1:2 Bonus Shares

Bonus shares September 2022: The Alphalogic Techsys Ltd. board of directors has established a record date for bonus shares. The business board set September 21, 2022, as the record date for bonus shares. Previously, the company’s board of directors had authorised and declared bonus shares at a 1:2 ratio, meaning one bonus share would be awarded for every two shares owned by shareholders.

The small-cap company informed Indian stock market exchanges about the bonus shares record date citing, “In continuation of our intimation on outcome of the Board Meeting held on August 03, 2022, pertaining to the recommendation of Issue of Bonus Shares, the Company has fixed the ‘Record Date’ i.e., Wednesday, September 21, 2022 to determine eligible shareholders entitled to receive Bonus shares as approved in the 04th Annual General Meeting (AGM) of the Company held on August 26, 2022.”

Trading Members of the Exchange are hereby advised that Alphalogic Techsys Limited has established a Record Date for the purpose of Bonus Issue. The BSE has also released a notification regarding the issuing of bonus shares by the small-cap business.

In August 2022, the small-cap company had informed Indian stock market bourses about bonus shares recommendations citing, “We would like to inform you that a meeting of the Board of Directors of the company was held today to review the operations of the Company, general corporate matters and to consider and transact the recommendation of issuance of fully paid-up Bonus Share in the ratio of 1:2 i.e. 1 (One) Equity Share for every 2 (Two) fully paid up Equity Shares of ₹05/- each, subject to approval of the shareholders of the Company. The Company will inform in due course, the “Record Date” for determining shareholders entitled to receive Bonus Shares.”

A BSE-listed stock named Alphalogic Techsys Ltd. finished Tuesday with a market capitalization of 154 crore.

After soaring from about ₹46 to ₹68 per share levels, this small-cap company has provided owners with a year-to-date (YTD) return of more than 50%. This small-cap stock has increased by more than 110% over the past year, rising from about ₹31 to ₹68 per share.

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