In its release, Reliance Industries stated that its Board of Directors will convene on September 5, 2024, for the passing of the resolution for 1:1 bonus shares for its equity holder.
The Board of Directors of Reliance Industries is scheduled to convene on September 5, 2024, to possibly approve the bonus issue at the ratio of 1:1 for its equity shareholder, the media house reported, citing a filing by the company on Thursday.
This means that for every share an investor owns, he or she may be issued another share if the proposal is passed.
The company would like to state that due to the provision of Regulation 29 and other relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Board of Directors of the Company is planned for Thursday, September 5, 2024, for considering and recommending to the shareholders for their passing of the resolution whereby the company will issue bonus shares in the ratio of
The company said that this will be presented to the board for their approval, and if approved by the board, it will be taken back to the shareholders for approval.
