Latest news with #MemorandumofAssociation
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Business Standard
3 days ago
- Business
- Business Standard
Nestle share price up 2% as board approves bonus issue; check details
Nestle bonus issue: Nestle share price advanced 1.6 per cent in trade on June 26, 2025, logging an intraday high at ₹2,444.65 per share on BSE. At 10:28 AM, Nestle share price was trading 0.74 per cent higher at ₹2,422.2 per share on the BSE. In comparison, the BSE Sensex was up 0.48 per cent at 83,153.38. The company's market capitalisation stood at ₹2,33,933.45 crore. Its 52-week high was at ₹2,777 per share and 52-week low was at ₹2,115 per share. In one year, Nestle shares have lost 5 per cent as compared to Sensex's rise of 5 per cent. Nestle bonus issue details Nestle stock was in demand after the company's board approved issuing bonus shares worth ₹96,41,57,160. The company has decided to issue a total of 96,41,57,160 equity shares of face ₹1 each. According to the filing, the bonus will be issued in a ratio of 1:1, i.e., one bonus equity share of the face value of ₹1 each for every one fully paid-up equity share of the face value of ₹1 each. "Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of ₹1/- each for every one (1) fully paid-up equity share of face value of ₹1/- each, held by the members of the company as on the record date, by capitalising a sum not exceeding ₹96,41,57,160/- (Rupees ninety six crore forty one lakh fifty seven thousand one hundred and sixty only) out of the retained earnings of the company, subject to the approval of the members of the company," the filing read. Its added: The record date for determining the entitlement of the members to receive bonus equity shares will be announced in due course. Track Stock Market LIVE Updates What is a bonus issue? A bonus issue is a way for companies to reward their existing shareholders by issuing additional shares free of cost. Only existing shareholders who hold shares in the company before the record date are eligible to receive the bonus shares. If one buys the shares on or after the record date, they won't be eligible to receive the bonus issue. Apart from the bonus issue, the board also approved a Memorandum of Association to increase the authorised share capital from ₹100 crore to ₹200 crore.
Business Upturn
3 days ago
- Business
- Business Upturn
Nestle India declares 1:1 bonus share issue
By Aman Shukla Published on June 26, 2025, 10:09 IST Nestlé India has announced a 1:1 bonus share issue, meaning shareholders will receive one additional equity share for every fully paid-up share they currently hold. This decision was approved during the company's board meeting held on June 26, 2025. The bonus issue will be made by capitalizing ₹96.41 crore from retained earnings as per the audited financials for FY2025. Post-issue, Nestlé's paid-up share capital will double from ₹96.41 crore to ₹192.83 crore. The company will also increase its authorised share capital from ₹100 crore to ₹200 crore by amending the Memorandum of Association, subject to shareholder approval. An extraordinary general meeting (EGM) is scheduled on July 24, 2025, to finalize these changes. The record date for determining shareholder eligibility for the bonus shares will be announced soon. The bonus shares are expected to be credited or dispatched within two months from the date of board approval, i.e., by or before August 25, 2025. This move highlights Nestlé India's strong financial health and its commitment to rewarding shareholders. As of March 31, 2025, the company held over ₹4,000 crore in retained earnings, making the bonus issuance well-supported. Investors can expect improved liquidity in the stock post-issue, and the move is likely to generate positive sentiment in the market. Keep an eye out for the upcoming record date announcement. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time Business News
4 days ago
- Business
- Time Business News
Business Setup in Abu-Dhabi - Basic to Advanced Guide
Abu Dhabi, the capital of the United Arab Emirates (UAE), offers a dynamic environment for entrepreneurs, investors, and multinational companies to set up their business. With its strong infrastructure, stable economy, and investor-friendly policies, Abu Dhabi is an ideal destination for business setup in the Middle East. provides everything you need to know about business setup in Abu Dhabi, including types of business structures, legal requirements, cost breakdown, and steps involved. Why Choose Abu Dhabi for Business Setup? 100% Foreign Ownership – Available in most sectors under the new UAE Commercial Companies Law. Tax Advantages – No personal income tax, and corporate tax exemptions for certain sectors and free zones. Strategic Location – Access to the GCC, Africa, Europe, and Asia markets. Political & Economic Stability – Safe, secure, and well-regulated business environment. Government Support – Initiatives like TAMM, ADDED, and Hub71 foster innovation and streamline registration processes. Business Structures Available in Abu Dhabi You can choose from several legal forms depending on your business activity and ownership preferences: 1. Mainland Company Can operate across the UAE and globally. 100% foreign ownership allowed (in most sectors). Registered with Abu Dhabi Department of Economic Development (ADDED). 2. Free Zone Company Ideal for export/import businesses and tech startups. 100% ownership with customs benefits. Operate within a specific free zone. Popular Free Zones: Abu Dhabi Global Market (ADGM) Khalifa Industrial Zone (KIZAD) Masdar City Free Zone Twofour54 (media sector) 3. Offshore Company No physical presence required in UAE. Primarily for holding companies, international trading, and asset protection. Step-by-Step Guide to Setting up a Business in Abu Dhabi Step 1: Choose the Business Activity Select from over 2,000 permitted activities listed by ADDED. This determines the license type: Commercial, Industrial, or Professional. Step 2: Select Legal Structure Sole Proprietorship Limited Liability Company (LLC) Civil Company Branch Office Free Zone Company Step 3: Register Trade Name Choose a unique business name via the TAMM portal . . Comply with UAE naming guidelines. Step 4: Apply for Initial Approval From ADDED (mainland) or relevant Free Zone Authority. Step 5: Prepare Legal Documents Memorandum of Association (MoA) Lease agreement (Ejari or Tawtheeq) Shareholder agreements (if needed) Step 6: Get Office Space Required for all licenses. Choose flexi-desk, co-working, or physical office. Step 7: Obtain Business License Pay the fees and receive the trade license. Valid for 1 year, renewable. Step 8: Visa & Bank Account Apply for investor and employee visas. Open a UAE corporate bank account. Cost of Business Setup in Abu Dhabi Costs vary depending on the business type, location (mainland vs. free zone), and office requirements: Item Approximate Cost (AED) Trade Name Registration 750 – 1,000 Initial Approval 1,000 – 2,000 License Fee 10,000 – 25,000 Office Rent 5,000 – 20,000+ Visa (Investor/Partner) 3,500 – 6,000 Total Estimated Setup Cost 20,000 – 50,000+ Note: Free zones may offer packages starting from AED 12,000 Starting a Business in Free Zone Fujairah Abu Dhabi is a strategic decision that offers long-term benefits. With full foreign ownership rights, tax-friendly laws, and world-class infrastructure, the emirate is one of the most attractive investment hubs in the region TIME BUSINESS NEWS
Mint
4 days ago
- Business
- Mint
33,500% rally in five years! Multibagger small-cap stock under ₹50 edges higher; here's why
Multibagger small-cap stock: Shares of Hazoor Multi Projects rose on Wednesday's trading session after the company issued 5,27,500 equity shares to two investors, Shilpaben Maheshkumar Shah and Ruturaj Bhalchandra Thakare, through a preferential allotment. These shares, each with a nominal value of Re 1 and an issue price of ₹ 30 (which includes a premium of ₹ 29), were issued following the conversion of 52,750 warrants. These warrants were originally allotted at ₹ 300 each, with 25% paid in advance, allowing the holders to convert them into an equivalent number of equity shares by paying the remaining 75% within 18 months. This conversion, which occurred after a subdivision of the company's equity shares, has boosted HMPL's issued and paid-up capital to ₹ 22,49,61,410, comprising 22,49,61,410 equity shares of Re 1 each, which hold the same rights as the existing shares. There remain 87,99,700 warrants still available for conversion. The Board of Directors of Hazoor Multi Projects Limited (HMPL) has recently sanctioned a major expansion of the company's primary business goals. This strategic decision, evident through new sub-clauses in their Memorandum of Association, enables HMPL to branch out into areas such as Shipbuilding and Engineering, Ship Repair and Maintenance, Maritime Industry, Shipping Logistics and Transport, Mining and Quarrying, Oil and Gas, Environmental Engineering and Sustainability, as well as Hospitality, Lodging, Food and Beverage Services, and Related Travel and Tourism. This expansion enhances HMPL's opportunities for generating revenue. Additionally, HMPL has obtained a one-year, ₹ 22.995 crore contract from the National Highways Authority of India for the collection of user fees and maintenance services at the Shrishikalan Fee Plaza in Uttar Pradesh. Hazoor Multi Projects Ltd is a prominent Indian firm specializing in the construction of roads, bridges, and various civil engineering undertakings. Hazoor Multi Projects share price today opened at ₹ 40.34 apiece on the BSE, the stock touched an intraday high of ₹ 40.50 apiece, and an intraday low of ₹ 39.80 per share. In the last week, the stock decreased by 0.45%. It has dropped by 13.49% over the last three months and increased by 9.99% over the past year.
Mint
4 days ago
- Business
- Mint
33,500% rally in five years! Multibagger small-cap stock under ₹50 edges higher; here's why
Multibagger small-cap stock: Shares of Hazoor Multi Projects rose on Wednesday's trading session after the company issued 5,27,500 equity shares to two investors, Shilpaben Maheshkumar Shah and Ruturaj Bhalchandra Thakare, through a preferential allotment. These shares, each with a nominal value of Re 1 and an issue price of ₹ 30 (which includes a premium of ₹ 29), were issued following the conversion of 52,750 warrants. These warrants were originally allotted at ₹ 300 each, with 25% paid in advance, allowing the holders to convert them into an equivalent number of equity shares by paying the remaining 75% within 18 months. This conversion, which occurred after a subdivision of the company's equity shares, has boosted HMPL's issued and paid-up capital to ₹ 22,49,61,410, comprising 22,49,61,410 equity shares of Re 1 each, which hold the same rights as the existing shares. There remain 87,99,700 warrants still available for conversion. The Board of Directors of Hazoor Multi Projects Limited (HMPL) has recently sanctioned a major expansion of the company's primary business goals. This strategic decision, evident through new sub-clauses in their Memorandum of Association, enables HMPL to branch out into areas such as Shipbuilding and Engineering, Ship Repair and Maintenance, Maritime Industry, Shipping Logistics and Transport, Mining and Quarrying, Oil and Gas, Environmental Engineering and Sustainability, as well as Hospitality, Lodging, Food and Beverage Services, and Related Travel and Tourism. This expansion enhances HMPL's opportunities for generating revenue. Additionally, HMPL has obtained a one-year, ₹ 22.995 crore contract from the National Highways Authority of India for the collection of user fees and maintenance services at the Shrishikalan Fee Plaza in Uttar Pradesh. Hazoor Multi Projects Ltd is a prominent Indian firm specializing in the construction of roads, bridges, and various civil engineering undertakings. Hazoor Multi Projects share price today opened at ₹ 40.34 apiece on the BSE, the stock touched an intraday high of ₹ 40.50 apiece, and an intraday low of ₹ 39.80 per share. In the last week, the stock decreased by 0.45%. It has dropped by 13.49% over the last three months and increased by 9.99% over the past year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
