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The Board of Directors of Autoriders International Ltd, at its meeting held on September 29, 2025, approved a bonus issue of equity shares in the ratio of 5:1, meaning 5 new fully paid equity shares for every 1 existing share held. Approximately 29,00,700 bonus shares of face value Rs. 10 each will be issued, taking the paid-up share capital from Rs. 58,01,400 (5,80,140 shares) to around Rs. 3,48,08,400 (34,80,840 shares). The bonus will be issued by capitalizing Rs. 8,90,10,000 from the Securities Premium account as of March 31, 2025, which is fully available for the purpose. The issue is subject to shareholder approval, and the record date is yet to be decided, with credit of bonus shares expected within 2 months from board approval.
This is a positive development for existing shareholders as they will receive 5 additional shares for every share they hold, effectively increasing their share count six-fold. The bonus is being funded entirely from accumulated Securities Premium, signaling strong reserves and rewarding long-term holders, though it does not change the underlying value of the company.