Health and confectionery products manufacturer Sampre Nutritions on Saturday said its board has approved proposals for a bonus issue and split of equity shares.
The company board in its meeting on September 19 approved the subdivision of one equity share having a face value of Rs 10 into two equity shares of face value Rs 5 each, Sampre Nutritions said in a statement.
The board also approved a bonus issue of equity shares in the ratio of 1:1 -- one bonus equity share of face value Rs 5 each for every one fully paid up equity share of Rs 5 each.
Sampre said it has a balance of free reserves of Rs 59.86 crore in the securities premium account as of March 31, 2025. The bonus issue requires a balance of Rs 21.55 crore. The company last month entered into an agreement with Nigeria-based Tolaram Wellness to manufacture and supply nutraceutical and food products.
The agreement has a revenue potential of up to Rs 30 crore. It has also signed a three-year manufacturing agreement with Rama Exports to produce nutraceutical and food products.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.