Outcome of the Board Meeting held on 29th August, 2025
Price
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Awaiting price reaction for this filing.
The board of Chandrima Mercantiles, held on 29th August 2025, approved a bonus issue in the ratio of 1 new equity share for every 2 existing shares, which will result in issuing approximately 11.10 crore bonus shares worth about Rs. 11.10 crores. To accommodate this, the authorized share capital will be increased from Rs. 22.25 crores to Rs. 33.32 crores, subject to shareholder approval at the upcoming AGM. The bonus shares will be issued from the company's Securities Premium Account, which had a balance of Rs. 12.33 crores as of 31st March 2025. Additionally, M/s. Jay Pandya & Associates has been appointed as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30. The 43rd Annual General Meeting is scheduled for 30th September 2025 via video conferencing.
The 1:2 bonus issue rewards existing shareholders with additional shares at no cost, though it will dilute the price proportionally. The move signals that the company has healthy reserves (Securities Premium of Rs. 12.33 crores) to support the issue. Short-term price action may be positive on announcement, but the ex-bonus adjustment should be expected on the record date.