RITES Ltd - Corporate Action-Board recommends Bonus Issue

Board of Directors of the Company in its meeting held today i.e. Wednesday, July 31, 2024, has approved Issuance of Bonus Shares to the shareholders of the company in the ratio of 1:1, i.e. 1 (one) bonus equity share of Rs. 10/- each fully paid up, to the eligible members by capitalizing a sum not exceeding Rs. 240,30,18,870.00 (Rupees Two Hundred Forty Crore Thirty Lakh Eighteen Thousand Eight Hundred and Seventy only) out of the sum standing to the credit of Capital Redemption Reserve and Free Reserves, subject to the approval of shareholders.