Board of directors of the company declared issue of Bonus shares in the ratio of 1:1.
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The board of Abate As Industries Ltd, at its meeting on June 17, 2025, approved issuing bonus shares in the ratio of 1:1 — meaning every shareholder will get 1 additional fully paid-up equity share for every 1 share held. A total of approximately 7.88 crore new bonus shares of Rs. 10 each will be issued, nearly doubling the paid-up share capital from Rs. 78.80 crore to Rs. 157.60 crore. The bonus will be funded by capitalising about Rs. 78.80 crore from the company's reserves and securities premium (which stood at Rs. 90.61 crore as of March 31, 2025). The issue is subject to shareholder approval at the 34th AGM scheduled for July 14, 2025, and bonus shares are expected to be credited by August 16, 2025. The authorised share capital will also be increased from Rs. 95 crore to Rs. 158 crore.
Eligible shareholders will receive additional shares free of cost, effectively doubling their share count, though the stock price typically adjusts downward proportionally on the ex-date, leaving overall value unchanged. Short-term price reaction may be mildly positive due to improved liquidity and retail interest.