Intimation under Regulation 30 of SEBI LODR 2015- Notice of Postal Ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Autoriders International Ltd has issued a Postal Ballot Notice seeking shareholder approval for a bonus share issue in the ratio of 5:1, i.e., 5 new equity shares for every 1 existing share held. The bonus shares will be issued by capitalizing Rs. 2.90 crore (Rs. 2,90,07,000) from the company's free reserves including General Reserves and Retained Earnings. The face value of the shares is Rs. 10 each. Shareholders will vote via remote e-voting through NSDL from 9th October 2025 to 7th November 2025, with results expected by 11th November 2025. The new bonus shares will be issued only in dematerialized form, and shares belonging to physical holders will be credited to a suspense account until their demat details are provided.
Positive for existing shareholders as they will receive 5 additional shares for each share held, though the share price will adjust proportionally post-bonus, keeping overall market value unchanged. The move aims to improve liquidity and trading activity in the stock, making shares more affordable for retail investors.