LIC- Integra Essentia Declares 1:1 Bonus Shares and Sets Record Date

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Integra Essentia, a leading recycling player, announces a 1:1 bonus share issue for eligible shareholders, setting a record date of January 11, 2024. Additionally, the company plans to acquire a controlling stake in Brewtus Beverages Pvt Ltd.

New Delhi, January 01, 2024 – In a strategic move, Integra Essentia, a prominent player in the recycling industry, has officially declared a 1:1 bonus issue for its eligible shareholders. According to an exchange filing, the company will issue one equity share of Rs. 1 each for every existing equity share of the same value.

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The company has fixed January 11, 2024, as the record date for this corporate action, as communicated to the Bombay Stock Exchange (BSE). This step aligns with Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015.

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“This is to inform that in terms of Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015, the Company has fixed Thursday, January 11, 2024, as the Record Date…” the company stated.

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Integra Essentia, known for its focus on life essentials, including agro products, aims to reward its shareholders through this bonus share issuance.

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In addition to this development, the company has revealed plans to acquire a more substantial stake in Brewtus Beverages Pvt Ltd (BBPL). Currently holding about 25.76% of BBPL’s equity, Integra Essentia intends to boost its stake to approximately 51%, thereby transforming BBPL into a subsidiary concern.

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In the financial arena, Integra Essentia reported a net profit of Rs 7.52 crore for the September quarter, a substantial increase from the Rs 2.15 crore net profit recorded in the same period of the previous year. This surge in profit is attributed to higher income, showcasing the company’s robust financial performance.

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Investors and stakeholders are keeping a keen eye on Integra Essentia as it continues to make strategic moves in both its financial and corporate structure.

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