New Delhi: Indian Energy Exchange NSE 0.76 % (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.
