Announced Thu, 5 Nov, 2026 · 11:25 IST
Avenique recommends 6:1 bonus shares for eligible public shareholders
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The board recommended six bonus shares of Rs 2 each for every share held by eligible public shareholders, excluding promoters and the promoter group, as of a record date to be set. Shareholders will vote on the issue at a meeting on December 7, 2026. It will be funded from free reserves, with bonus shares expected by January 4, 2027. The goal is to meet minimum public shareholding rules.
Likely market impact
If approved, eligible holders get more shares and a larger public holding, but no cash is added; the price usually adjusts after listing.