Gujarat Toolroom Ltd. Board to Consider 5:1 Bonus Issue on January 06
Gujarat Toolroom Ltd. (GTL) has announced a proposal for a 5:1 bonus share issue, which will be considered by its Board of Directors on January 6, 2025. This means shareholders will receive five additional equity shares for every one share held. The bonus shares will be issued by capitalizing the company’s securities premium account, subject to the approval of shareholders. This strategic move demonstrates Gujarat Toolroom’s commitment to rewarding its investors while simultaneously enhancing liquidity in its stock, making it more accessible to a broader range of investors. Gujarat Toolroom Ltd. (GTL)’s recent Qualified Institutional Placement (QIP) raised ₹95.66 Crores, allotting stake to prestigious players such as Bridge India Fund, Eminence Global Fund, and Multitude Growth Funds Limited, among others. This strong backing from institutional investors highlights their confidence in Gujarat Toolroom’s strategic direction, operational capabilities, and growth potential. Earlier the co...