After 111% Gains In 1 Year, This Company Announces 3:2 Bonus Share Issue

SecMark Consultancy -the small cap company from the computers-software and consultancy space in its board meet scheduled for bonus announcement and results came up with the decisions after market hours.

Bonus announcement by SecMark

The company in the filing with the exchanges said, "Issue of Bonus Share in the ratio 3 (three) fully paid-up equity shares for every 2 (two) existing full paid-up equity share held by the shareholders, subject to the approval of the shareholders of the Company". So, the bonus shares shall be issued in the ratio of 3:2 i.e. for every 2 shares held by the investor as on the record date, he or she will be awarded 3 more shares at no additional costs.

Other decisions considered and approved at the Board meet today:

Other decisions considered and approved at the Board meet today:

1. Migration of Listing/ Trading of Company's present listing from SME Platform of BSE Limited to the Main Board of BSE Limited as well Listing/ Trading on Main Board of National Stock Exchange of India Limited in terms of Chapter IX of SEBI (ICDR) Regulations, 2018 subject to approval of the shareholders of the Company, BSE Limited, National Stock Exchange Limited, or such other authorities;

2. To amend the Memorandum of Association of the Company due to changes in
authorized share capital of the Company, subject to approval of the members of the
Company;

3. Approved convening of 11th (Eleventh) Annual General Meeting (AGM) of the Equity
Shareholders of the Company on Wednesday, September 28, 2022

 

Company's share price performance ahead of results

The company's scrip was locked in 10% upper circuit today and hit a fresh 52-week high of Rs. 227.7. This is the BSE only listed scrip. The stock in the last 1-year has reaped 111% retutn. In 2022 so far, the scrip has gained by 72%.

 

Company profile:

SecMark is a young Company managed by industry experts who hold multiple professional qualifications and have an experience of working with Regulators, Exchanges, Depositories and Leading Financial Institutions. The company's services in the area of Consulting, Technology and Outsourcing services render Regulatory Compliance, Operations, Risk Management, Business Processes and Lives simple.

Disclaimer:

The information is just collated as the given company is set to issue bonus shares soon.