| The Board of Magellanic Cloud at its meeting held on 23 March 2023 has allotted 8,76,59,268 Equity Shares of face value of Rs.10/- each as fully-paid up Bonus Equity Shares in the ratio of 3 (Three) Equity Shares for every 1 (One) existing Equity Share held by the Members in the Company whose names appeared in the Register of Members / List of Beneficial Owners as on 22 March 2023 being the Record Date fixed for this purpose.
Consequent to the aforesaid allotment of Bonus Shares, the Paid-up Equity Share Capital of the Company stands increased from Rs. 29,21,97,560/- divided into 2,92,19,756 Equity Shares of Rs. 10/- each to Rs. 1,16,87,90,240/- divided into 11,68,79,024 equity shares of Rs. 10/- each. |