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Awaiting price reaction for this filing.
Arunjyoti Bio Ventures Limited held a board meeting on April 7, 2025, at its registered office in Hyderabad. The board decided to cancel the previously proposed bonus issue. No other corporate actions such as dividend, stock split, or buyback were announced. The meeting concluded at 10:45 a.m. and the company has informed BSE of this decision.
This is a negative development for retail investors who were expecting a bonus share, as the cancellation removes a potential value-accretive event. The stock may see short-term weakness due to dashed expectations, though no capital is being destroyed.