Extra Ordinary General Meeting of Accedere Limited scheduled on 26th February 2026
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Accedere Limited has called an Extra Ordinary General Meeting on 26th February 2026 at 12:30 PM via video conferencing. The only special business item is the issue of bonus shares to existing non-promoter shareholders in the ratio of 1 bonus equity share for every 10 existing equity shares held (face value Rs. 10 each). The bonus shares will be issued by capitalizing the company's general reserves and/or retained earnings, subject to shareholder approval at the EGM. The Board had approved and recommended this bonus issue at its meeting held on 28th January 2026. The record date for determining eligible shareholders will be fixed by the Board, and the e-voting cut-off date is 20th February 2026.
If approved, non-promoter shareholders will receive 1 additional share for every 10 shares they hold, increasing their share count by 10%. Since bonus shares do not change the underlying value of the company, the share price typically adjusts downward proportionally after the ex-date, leaving total holding value largely unchanged.