Board of this micro-cap company has approved a bonus issue; do you own it?

The company deals in the wholesale trading of various types of coal, including coal from the USA, Indonesia, Domestic coal, petroleum coke, and coal for coking.

The Board of Directors of the company considered and approved recommending issuing bonus shares in a ratio of 4:1, or 4 (four) equity shares of Rs. 10 each for every 1 (one) equity share of Rs. 10 each, held by the shareholders of the Company as of the record date, subject to the approval of shareholders to be obtained by the Company's management, according to a recent announcement from Anmol India Ltd. In due course, the Record Date will be disclosed.

In addition to the aforementioned, the board has also resolved to change the capital clause of the company's memorandum of association and increase authorised share capital from the current level of Rs 11.50 crore to Rs 57 crore. 

The scrip opened today at Rs 251.60 and touched the day high and low of Rs 251.60 and Rs 242.45, respectively. Its 52-week high stood at Rs 258.75, whereas its 52-week low was Rs 121.15. The current market cap of the company is Rs 280.13 crore. Promoters hold 57.08 per cent, whereas Institutional and non-institutional holdings are 0.08 per cent and 42.83 per cent, respectively. 

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Anmol India Ltd is a renowned name in Coal Import, Coal Trading and Coal Supply industry. Due to its extraordinary growth since its start, it is now a well-known brand among customers in more than 100 distinct Indian regions. Originally serving the brick kiln industry (Ent Bhatta) as well as coal traders and dealers, the company now supplies more than a dozen other sorts of industries with both steam/thermal coal and pet coke. Anmol's sales operations span over half of India and total several billion Indian rupees annually.