The Board of Directors of the Company, at its meeting held today, have recommended to the shareholders for their approval, through postal ballot: i. issue of bonus shares in the ratio of ....
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Apis India Ltd's Board, at its meeting on October 13, 2025, has recommended issuing bonus shares in a very large ratio of 24:1, meaning 24 new equity shares of Rs. 10 each for every 1 existing share held. The bonus will be issued by capitalizing free reserves and is subject to shareholder approval via postal ballot. Post-issue, paid-up share capital will rise from 55.10 lakh shares (Rs. 5.51 crore) to around 13.78 crore shares (Rs. 137.75 crore). The Board also approved increasing authorised share capital from Rs. 13.30 crore to Rs. 140 crore to accommodate the bonus. Bonus shares are expected to be credited by December 12, 2025, with the record date to be announced later.
This is an unusually large bonus issue that will dramatically expand the share count and improve liquidity, but it may also reduce the per-share price proportionally. For shareholders, it increases the number of shares held without any cash outlay, pending postal ballot approval.