Allotment of Bonus Equity Shares
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Avax Apparels and Ornaments Limited has allotted 62,34,948 fully paid-up bonus equity shares in the ratio of 3:1. This means shareholders received 3 new bonus shares for every 1 share held. The bonus shares have a face value of ₹5 each. The record date for determining eligible shareholders was April 7, 2026, and the allotment was approved at the Board meeting held on April 8, 2026. Following this allotment, the company's paid-up share capital has increased to ₹4,15,66,320 comprising 83,13,264 equity shares of ₹5 each.
This bonus issue increases the total number of shares outstanding by 3 times, which will dilute earnings per share (EPS). However, bonus issues are generally considered positive sentiment signals as they indicate shareholder value creation and improve liquidity of the stock.