Informing about approval of bonus shares by company board, Escorp Asset Management Ltd exchange communication says, “Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that the Board of Directors at their Meeting held today i.e. 10th June, 2022 has, inter alia considered and approved issue of Bonus shares in the ratio of 2:3 (3 (three) fully paid-up equity shares for every 2 (Two) existing fully paid-up equity share held by the shareholders), subject to the approval of the shareholders of the Company.”

On increase in share capital of the company, the exchange communication informed, “The board has approved to Increase in Authorized Share Capital of the Company from ₹7,00,00,000 (Rupees Seven Crore) divided into 70,00,000 (Seventy Lakhs) Equity Shares of ₹10/- (Rupees Ten Only) each to ₹12,00,00,000 (Rupees Twelve Crores) divided into 1,20,00,000 (One Crore Twenty Lakhs) Equity Shares Equity Shares of ₹10/- (Rupees Ten Only) each by creation of additional 50,00,000 (Fifty Lakhs) Equity Shares of ₹10/- (Rupees Ten Only) each and subsequent alteration to the Memorandum of Association of the Company, subject to the approval of the shareholders of the Company.”

The board of directors of the AMC company also gave approval to migration of listing/trading of company’s present listing from SME Platform of BSE Limited to the main board of BSE Limited as well as on main board of NSE Limited in terms of Chapter IX of SEBI (ICDR) Regulations, 2018 subject to approval of the shareholders of the company, BSE Limited, National Stock Exchange of India Limited, or such other authorities.