Board of Godrej Consumer Products recommends bonus issue of 1:2

At meeting held on 30 July 2018

The Board of Godrej Consumer Products at its meeting held on 30 July 2018 has approved the following -

Declared interim dividend @ Rs. 2/- per share (200% on shares of face value of Re. 1/- each) for the financial year 2018-19. The dividend will be paid on 21 August 2018.

Recommended the following -
--Increase in the existing Authorised Share Capital from Rs. 70,00,00,000 (Rupees Seventy crore) divided into 69,00,00,000 Equity Shares and 1,00,00,000 Preference Shares of Re. 1 each to Rs. 104,00,00,000 (Rupees One Hundred Four crore) divided into 103,00,00,000 Equity Shares and 1,00,00,000 Preference Shares of Re. 1 each and consequent alteration of Memorandum of Association.
-- Issue of Bonus Shares in the ratio of 1:2, i.e. one bonus equity share of Re. 1/- each for every two fully paid-up equity share held, as on the record date.

 

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