The Board of Directors of the Company at its meeting held on today i.e. October 13, 2025, inter alia considered and recommended for issue of bonus shares in the ratio of 24:1 to the eligible ....
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The Board of Apis India Ltd has recommended issuing bonus shares in a ratio of 24:1, meaning 24 new equity shares for every 1 existing share held. The bonus will be issued by capitalizing free reserves and retained earnings, which stood at around Rs. 134 crore as of March 31, 2025. Post-issue, paid-up equity shares will rise from about 55.1 lakh to roughly 13.78 crore shares, and the authorized share capital will be increased from Rs. 13.30 crore to Rs. 140 crore. The bonus is subject to shareholder approval via postal ballot, and the record date will be announced later. Bonus shares are expected to be credited or dispatched by December 12, 2025.
This is a very large bonus issue that will significantly increase the share count and improve liquidity, but it does not change the company's overall value. The stock price is likely to adjust downward proportionally on the ex-bonus date. Shareholders holding shares by the record date will receive 24 free shares for every share they own, subject to shareholder approval.