Regis Industries approves 1:2 bonus issue and share capital hike
Regis Industries has approved a 1:2 bonus share issue, distributing one bonus share for every two existing shares, utilising ₹8.60 crore from its Securities Premium account. This will increase paid-up capital from ₹17.21 crore to ₹25.81 crore. These shares will have equal rights. The company, currently facing working capital shortages, is implementing cost-reduction measures to resume operations.