Notice of Postal Ballot-Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Awaiting price reaction for this filing.
Apis India Ltd has issued a Postal Ballot notice seeking shareholder approval via e-voting for two resolutions. The first is the issue of bonus shares in a ratio of 24:1, meaning 24 new equity shares of ₹10 each for every 1 existing share, by capitalising up to ₹132.24 crore from securities premium, general reserve, and/or retained earnings. The second resolution seeks to increase the authorised share capital from ₹13.30 crore (1.33 crore shares) to ₹140 crore (14 crore shares of ₹10 each) to accommodate the bonus issue and any future capital needs. E-voting runs from October 21, 2025 to November 19, 2025, with results expected by November 21, 2025.
If approved, shareholders will receive 24 bonus shares for every share held, dramatically expanding the share count and improving liquidity, though the share price typically adjusts downward proportionally. This is a strongly positive signal of management confidence backed by healthy reserves.