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Alexander Stamps and Coin has informed the BSE that the Board of Directors of the company at its meeting held on August 21, 2018 has recommended for approval of its shareholders an issue of fully paid-up bonus shares in the ratio of 1:5 (one bonus share of face value ₹10 each for every existing five shares of the same face value).
The issue of bonus shares would result in capitalisation of a sum of ₹1.44 crore. Accordingly, the paid-up equity share capital of the company would stand revised to ₹8.64 crore from the present level of ₹7.20 crore. Shares of the company were last traded at ₹17.10 on the BSE. The shares are in Graded Surveillance Measure (GSM)-Stage 3.
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