Minal Engineering Ltd : Bonus and Split Announcement

by khalid on 08/07/2010 · 2 comments

Minal Engineering Ltd is Mumbai based Supplier of all types of rubber conveyors, PVC conveyors, PU conveyors, timing belts, V-belts, VSP belts and adhesives. The company has informed the market(BSE) that the Board of Directors of the Company will decide to issue of bonus shares, approval of annual accounts of the Company for the year ended March 2010 and to proposal for sub-division of face value of Equity Shares of the Company. in the meeting that is going to be held on 9th July 2010.

Share’s Data :-
BSE Code : 522235
Market Cap : Rs 61.89 Crores
Minal Engineering Ltd share’s CMP is Rs 96.70 on 8th July 2010.

The stock has risen 5% and in its upper circuite on 7th July 2010 on the Bonus and Split announcement.

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{ 2 comments… read them below or add one }

Alwine Pais December 9, 2010

Minal Industries – what happened to the bonus and stock split of this company announced by them more than six months back ?

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khalid December 9, 2010

Hi Alwine
This announcement was subject to approval of the shareholders and I think stock split would not have approved by shareholders. Bonus got approved as it is showing in Rediff Moneywiz.

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