Please find attached notice of Extra-ordinary General Meeting (EGM) scheduled on 1st July, 2025.
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Awaiting price reaction for this filing.
Alkosign Ltd has called an EGM on Tuesday, July 1, 2025 at 1:00 PM at its registered office in Bhiwandi, Thane. Two special businesses will be taken up: (1) increasing the authorized share capital from Rs. 10 Crore to Rs. 11 Crore by adding 10 lakh new equity shares of Rs. 10 each, and (2) issuing bonus shares in the ratio of 1:2 (one new share for every two held), involving up to 35,97,500 equity shares of Rs. 10 each. The bonus will be funded by capitalizing the company's securities premium of Rs. 22.78 Crore and free reserves of Rs. 3.01 Crore as of March 31, 2025. Remote e-voting opens June 28 and closes June 30, 2025, with the cut-off date set as June 24, 2025. The company has been listed on the BSE SME platform since February 1, 2022.
If approved, shareholders will receive 1 additional share for every 2 they currently own, increasing their holdings by 50% (with no change in total value per share, barring market reaction). The share price typically adjusts downward on the ex-bonus date by roughly one-third, but the move signals management confidence backed by strong reserves and may improve stock liquidity.