Intimation of Record Date for Bonus Issue
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Avax Apparels and Ornaments Ltd has fixed Tuesday, April 7, 2026, as the record date for a bonus issue. Shareholders will receive 3 bonus equity shares of face value ₹5 each for every 1 fully paid-up equity share held, a ratio of 3:1. The deemed date of allotment of the bonus shares is Wednesday, April 8, 2026. The company's paid-up equity capital is currently ₹1,03,91,580, which will expand fourfold after the bonus issue. This move rewards existing shareholders by increasing the number of shares they hold without any additional cost.
Shareholders holding shares as of the April 7, 2026 record date will receive 3 additional shares for each share owned, effectively quadrupling their share count. While the share price typically adjusts downward proportionally on ex-date, the overall investment value usually remains unchanged in the short term. This is a strong positive signal of management's confidence in the business.