IEX seeks shareholders nod to issue bonus shares via postal ballot notice
Indian Energy Exchange (IEX) will seek shareholders’ approval to issue bonus shares through postal ballot notice.
The company has issued postal ballot notice to seek approval of shareholders on a proposal to issue bonus shares to members, a BSE filing said.
The board had approved and recommended on October 21, 2021, to issue of bonus equity shares of rupee one each credited as fully paid-up to eligible members of the company in the proportion of two new fully paid-up equity share of rupee one each for every one existing fully paid-up equity shares of rupee one each held by them, by capitalising a sum not exceeding Rs 59,91,13,022 out of the company’s free reserves and capital redemption reserve as on March 31, 2021.
