Increase in authorised capital of the Company and consequent alteration in Capital Clause of Memorendum of Association of the Company subject to the Approval of the Shareholders
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board has approved a bonus issue in the ratio of 1:2, meaning one bonus share of ₹2 face value for every two shares held, totaling 92,45,000 shares worth ₹1.84 crore funded from free reserves (retained earnings of about ₹45.6 crore as on 31 March 2025). To accommodate this, authorized share capital is being increased by ₹1 crore. Bonus shares are expected to be credited by 7 October 2025; record date will be announced later. Q1 FY26 results showed a widened loss of ₹406.13 lakhs versus a ₹119.92 lakh loss in Q1 FY25, with revenue from operations at ₹27,489.84 lakhs. For the full year FY25, the company had reported a net profit of ₹236.11 lakhs with EPS of ₹1.28. Mr. Gajraj Jain was also re-appointed as Chairman cum Managing Director for another three-year term starting 17 April 2026.
The 1:2 bonus is a moderate reward for shareholders but the sharp deterioration in Q1 FY26 profitability — moving from a small full-year profit into a sizeable quarterly loss — could weigh on sentiment despite the bonus cheer.