Avenique seeks approval for 6-for-1 bonus shares to public holders
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Avenique will seek approval at a virtual extraordinary general meeting on December 7, 2026 at 11:00 a.m. IST for six fully paid bonus shares of Rs 2 each for every one existing Rs 2 share held by public shareholders, excluding promoters. The proposed record date is December 11, 2026. The issue will use company reserves as of March 31, 2026 and is intended to meet minimum public shareholding rules. Fractional entitlements will be ignored.
If approved, eligible public holders get six extra shares per share at no cash cost. Share count rises sevenfold, with no immediate earnings benefit.