brand logo

DIMO announces capitalisation of reserves 

10 May 2021

Diesel and Motor Engineering PLC (DIMO) informed the Colombo Stock Exchange (CSE) last Friday (7) that its Board of Directors has authorised a Capitalisation of Reserves, resulting in a distribution of shares credited as fully paid, according to Rule 5.3.c. of the CSE’s Listing Rules.  Thus, 335,057 ordinary shares have been decided to be issued as one new ordinary share for every 25 ordinary shares held, on a consideration of Rs. 550 per share.  The current stated capital of the company will remain as Rs. 425,296,960, at a compromise of 8,876,437 ordinary shares. Also, the reserves to be capitalised and the value thereof remains at Rs. 195,281,350, out of retained earnings. 

Kapruka

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


More News..