Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015 for allotment of Bonus Shares
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Bright Outdoor Media Limited has allotted 72,74,386 bonus equity shares of Rs. 10 each to eligible shareholders. The bonus shares have been issued in a 1:2 ratio, meaning 1 new equity share for every 2 existing shares held. The record date for determining eligible shareholders was fixed earlier. This follows the board's recommendation on 29th May 2025 and shareholder approval at an EGM held on 30th June 2025. The board meeting to approve the allotment was held on 21st July 2025 and concluded in just 30 minutes. The company's CIN is L74300MH2005PLC156444 and it is listed on BSE with scrip code 543831.
The 1:2 bonus issue will increase the total share count and improve liquidity by expanding the shareholder base, though the underlying value of holdings remains unchanged since it is a capitalization of reserves. This is a positive signal of management confidence but is a moderate bonus ratio, not a major capital event.