Gujarat Toolroom shares locked in 5% upper circuit for 2nd straight session as board to consider bonus issue
Shares of Gujarat Toolroom remained locked in their 5 percent upper circuit for the second consecutive session on Thursday, January 2, following the company’s announcement of a board meeting to deliberate a potential bonus share issuance in the ratio of 5:1. The announcement was made during Wednesday’s trading session.
The company is scheduled to hold the board meeting on Monday, January 6, 2025, as per a regulatory filing.
In its filing, Gujarat Toolroom stated, “We wish to inform you that a meeting of the Board of Directors of Gujarat Toolroom Limited is scheduled to be held on Monday, January 6, 2025, to consider and approve the proposal for issuance of bonus shares in the ratio of 5:1 (five bonus equity shares for every one equity share) to the eligible equity shareholders of the Company as on the proposed record date by capitalisation of securities premium, subject to the approval of the shareholders of the Company.”
Data from the BSE indicates that this will be the first-ever issuance of bonus shares by the company, marking a significant milestone for its shareholders.
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