Gulshan Polyols Limited (GPL) has fixed June 21, 2023 as the record date for the proposed 1:5 bonus issue. The company’s board of directors has approved the issue of bonus shares in the ratio of 1:5, which means that for every 5 shares held by an investor, he/she will be eligible to receive 1 bonus share. The bonus shares will be credited to the investors’ accounts on or before July 1, 2023.
The company has also fixed the face value of the bonus shares at Rs. 10 per share. The bonus issue is subject to the approval of the shareholders at the company’s annual general meeting (AGM) scheduled to be held on June 25, 2023.
Gulshan Polyols is a leading manufacturer of polyols in Bangladesh. The company’s products are used in a variety of applications, including polyurethane foam, adhesives, and sealants. The company has a strong track record of growth and profitability. In the financial year 2022, the company’s net profit grew by 20% to Rs. 100 crore.
The bonus issue is a positive development for Gulshan Polyols. It will help the company to increase its shareholder base and improve its liquidity. The bonus issue will also send a positive signal to the market about the company’s future prospects.
Bonus Issue Details
- Record date: June 21, 2023
- Ratio: 1:5
- Face value: Rs. 10 per share
- Date of credit: July 1, 2023
- Approval: Subject to approval of shareholders at the AGM on June 25, 2023
If you are a shareholder of Gulshan Polyols, you should ensure that your shares are held in your demat account on or before the record date. This will ensure that you are eligible to receive the bonus shares.