Outcome of the Board Meeting held on August 01, 2025
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Abate As Industries Ltd's board, at its meeting on August 01, 2025, approved the allotment of 7,88,03,228 bonus equity shares of Rs. 10/- each at a ratio of 1:1 (one new share for every one share held). Shareholders had already approved the bonus issue at the AGM on July 14, 2025, and BSE had granted in-principle approval on July 22, 2025, with the record date fixed as July 31, 2025. As a result, the company's paid-up equity capital will double from Rs. 78.80 crore (7,88,03,228 shares) to Rs. 157.60 crore (15,76,06,456 shares). The newly allotted bonus shares will rank pari-passu with existing shares and be eligible for future dividends and corporate benefits.
Eligible shareholders will see their share count double at no extra cost, though the share price typically adjusts downward on the ex-date to reflect the increased share base. No cash outflow is required from shareholders, and the overall portfolio value should remain broadly unchanged immediately after the ex-date.