Abate As Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/06/2025 ,inter alia, to consider and approve (1) To fix the day, date, ....
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Abate As Industries Ltd has postponed its Board Meeting from June 9, 2025 to June 17, 2025. The board will consider key items including fixing the date for the Annual General Meeting for FY 2024-25, approving the AGM Notice, Board's Report, and Secretarial Audit Report, and setting the book closure date. Notably, the board will also evaluate a proposal to increase the authorized share capital and issue fully paid-up bonus equity shares to members, subject to necessary approvals. The trading window for dealing in the company's securities has been closed from June 9 to June 19, 2025, ahead of the board meeting outcome.
If approved, the proposed bonus share issuance could be a positive signal for existing shareholders, potentially improving stock liquidity and reflecting management's confidence in the company's prospects. Shareholders should watch for the board's decision on June 17, as the bonus issue and capital increase will need further regulatory and shareholder approval before taking effect.