The diversified commercial services firm Nirmitee Robotics India Ltd. On March 12, 2022 announced bonus share issuance. Bonus share issuance to existing investors in the firm take place at no cost to them and is usually from the free reserves and surplus which is moved to the company's capital for the issuance of fresh shares. Post the bonus share issuance, the share price of the stock issuing bonus shares gets reduced in the same proportion.
Nirmitee Robotics -About the company
Nirmitee Robotics India Limited, a BSE SME Startup Portal Registered Company (formerly known as Nirmitee Robotics India Private Limited) is the world's leading HVAC Air Duct Cleaning company. The company services Offices, Hotels, Convention Centers, Hospitals, Train and Bus Coaches, Aircraft and specialize in Buildings that house Sensitive Equipment, like Data Centers and Operation Theaters.
Bonus shares details for Nirmitee robotics:
The company shall issue bonus shares in the ratio of 5:1 i.e. (Five) Bonus Shares for every 1 (One) fully paid-up Equity Shares of Rs 10/- (Rupees Ten) each held by the member. The ex-date for the said bonus share issuance is April 25, 2022 and the revised record date intimated for the same is " Tuesday, 26th April, 2022 has been fixed as the Revised Record Date for the purpose of determining entitlement/ eligibility of Shareholders (Members) to receive the Bonus Shares in the ratio of 5:1 i.e. 5 (Five) Bonus Shares for every 1 (One) fully paid-up Equity Shares of Rs 10/- (Rupees Ten) each held by the member".
Stock price of Nirmitee:
The stock's life time high is Rs. 835.35 and it hit the same on the previous trading day i.e. April 22, 2022 after being closed at 5% upper circuit.
Approval received from the exchange for bonus share issuance:
This is to inform you that the Company has received In-Principle Approval from BSE Ltd on 20th April 2022, in terms of Regulation 28 (1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the issue and proposed allotment of 3000990 BONUS equity shares of Rs. 10/- each in the ratio of 5 (Five) new equity shares for every 1 (One) existing equity share held in the Company subject to the fulfilment of prescribed conditions.
The above stock is listed for its bonus share announcement and so investors if invested need to ensure that they get the same credited. Fresh buying for the bonus share issuance cannot be done as the stock shall turn ex-date on April 25, 2022.