URBAN ENVIRO WASTE MANAGEMENT LIMITED Announces Bonus Share Allotment

Services

FNO Stocks with CA Abhay

Stock Market Masterclass

Equity Trading with CA Abhay

Equity Investment with CA Abhay

Option Trading with CA Abhay

URBAN ENVIRO WASTE MANAGEMENT LIMITED Announces Bonus Share Allotment

Team Finance Saathi

11/Feb/2025

What's Covered Under the Article:

4.33 million bonus shares allotted in 1:1 ratio to shareholders.
Shares rank pari-passu with existing shares, effective from the record date of February 7, 2025.
Notification available on the company's website.

Urban Enviro Waste Management Limited, as part of its recent Board Meeting held on February 10, 2025, has approved the allotment of 4330000 equity shares with a face value of Rs. 10 each to existing shareholders of the company. The allotment will occur in a 1:1 ratio, meaning every shareholder will receive one fully paid-up equity share for each share they hold, based on the record date of Friday, February 7, 2025. This decision was part of the company’s efforts to enhance its equity structure and strengthen its shareholder base.

The bonus shares issued will be of the same nature and rank pari-passu (equal) with the existing equity shares of the company. This means that the newly issued shares will enjoy the same rights, privileges, and liabilities as the current shares, such as voting rights and dividends.

This announcement follows the company’s adherence to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandate that listed companies disclose any significant corporate actions, such as bonus share allotments, to their stakeholders.

Investors and stakeholders can access further details regarding this announcement on the company's official website. The notification also assures shareholders that the shares allotted will carry all the benefits offered by the original shares, effectively making them fully integrated into the company’s stock.

The Board Meeting, which started at 2:00 PM and concluded at 3:00 PM, was a crucial part of the company’s strategy to maintain transparency and strengthen shareholder relations. This action aligns with broader corporate strategies aimed at enhancing liquidity and broadening the ownership structure.

The Upcoming IPOs in this week and coming weeks are Quality Power Electrical Equipmwnt, PS Raj Steels, Voler Car, Maxvolt Energy, Hexaware Technologies, L.K. Mehta, Shanmuga Hospital.

The Current active IPO are Solarium Green, Ajax Engineering, Chandan Healthcare.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Services

URBAN ENVIRO WASTE MANAGEMENT LIMITED Announces Bonus Share Allotment

Related News