Advait Infratech rewards shareholders with 1:1 bonus
New Delhi (India), February 17: Advait Infratech has been on a steady growth path since its inception in 2010.The company operates in the areas of optic fibre cables for the power and telecom sectors as well as a green hydrogen integrator helping the country in fulfilling its ambitious Green Hydrogen mission. The company has been […]

New Delhi (India), February 17: Advait Infratech has been on a steady growth path since its inception in 2010.The company operates in the areas of optic fibre cables for the power and telecom sectors as well as a green hydrogen integrator helping the country in fulfilling its ambitious Green Hydrogen mission. The company has been profitable in its operations and in its 12th year, it has surprised its shareholders by declaring a 1:1 bonus issue.
The Board of Directors of the company met on 29th December 2022 and decided to allot 51,00,000 equity shares of face value Rs 10 each as fully paid equity shares to the existing shareholders in the ratio 1:1. All shareholders whose names appeared in the Register of members as of 28th December 2022 were eligible for the bonus shares.
The issue of bonus shares is a prestigious milestone for any dividend-paying company because it will have to service a higher share capital in future. The issue is a measure of confidence that the promoters have in the growth prospects of the company.