The company will issue three new fully equity shares of Rs 2 each for every one existing fully paid-up equity share of Rs 2 each. It’s board will issue 41,46,05,700 equity shares of Rs 2 each would be issued as bonus shares.
Further the company has declared interim dividend of Rs 2 per share for FY25. On 20th December 2024, the company has been fixed record date as Friday, 3 January 2025 for interim dividend.
Redtape is engaged in the business of retail sale of Footwear, Garments & apparels and allied products and is also a manufacturer of footwear.
The company’s consolidated net profit declined 9.63% to Rs 25.07 crore in Q2 FY25 as compared with Rs 27.74 crore in Q2 FY24. Revenue from operations jumped 28.05% YoY to Rs 415.80 crore in Q2 FY25.