2:1 Bonus Shares: 11th July Fixed As Record Date; Check The Multibagger Stock Name With 110% YTD Gain

A small-cap firm listed on the BSE, Alliance Integrated Metaliks (AIML) provides a fully integrated solution for heavy fabrication. LnT, Tata Projects, AFCONS, Shahpoorji, APCO, and SP Singla are a some of its clientele. In order to support the government and private businesses building power plants in India, Alliance Integrated Metaliks Ltd. (BSE: 534064) fosters a greenfield power ancillary equipment and engineering fabrication production facility in Punjab. The Board of Directors has announced the record date for 2:1 bonus shares, therefore the penny stock priced under Rs 100 is probably going to be the focus of attention in the coming sessions.

Alliance Integrated Metaliks Bonus Shares

In their meeting on Saturday, June 1, 2024, the company's Board of Directors recommended, subject to the approval of the company's members, the issuance of bonus shares in the ratio of 2:1, that is, two new fully paid-up bonus equity shares of Rs. 1/-for every one existing fully paid-up equity share of Rs. 1/- held by the eligible shareholders as of the record date.

26,33,00,000 equity shares of Rs 1/- each fully paid up is the total number of securities proposed to be issued or the total amount for which the securities will be issued as bonus shares. Rs. 26,33,00,000 /- is required for implementing the bonus issue out of the Securities Premium account of the company available as of 31st March 2024.

Alliance Integrated Metaliks Bonus Share Record Date

"This is with reference to our letter dated Saturday, June 01, 2024 in respect of recommendation made by the Board of Directors of the Company for issue of bonus shares to the shareholders in the ratio of 2 (Two) new fully paid-up equity share of Re. 1/- (Rupee One Only) each for every 1 (One) fully paid-up Equity Shares of Re. 1/- (Rupee one only), subject to the approval of the shareholders of the Company. Further, the shareholders of the Company have approved aforesaid issue of bonus shares by passing an Special Resolution in the extra-ordinary general meeting held on Tuesday, June 25, 2024. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Thursday, 11th July, 2024 as the record date for the purpose ascertaining the eligibility of shareholders entitled for issuance of bonus shares by the Company, subject to the inprinciple approval received from the stock exchange," said Alliance Integrated Metaliks in a regulatory filing on Thursday.

Note for Physical Shareholders By Alliance Integrated Metaliks

"Pursuant to SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2023 effective from 23" May 2023, the allotment of shares in bonus issue shall be made only in dematerialized form and thus, all the eligible Members of the Company holding Equity Shares in physical mode are hereby advised to dematerialize their physical share certificates by contacting their respective Depository Participant (DP) on or before the Record Date for receipt of Bonus Equity Shares in their respective beneficiary accounts. In case, shares of the Company are held in physical form as on the Record Date, the Bonus Equity Shares so entitled, shall be transferred to the Suspense Escrow Account opened by the Company in this regard," the company informed stock exchanges.