Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Regulations'), we hereby inform you that the Board of Directors of the Company, ....
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Chandrima Mercantiles Ltd's board, at its meeting on 29th August 2025, approved three key items. First, it proposed increasing the authorized equity share capital from Rs. 22.25 crore to Rs. 33.32 crore, subject to shareholder approval. Second, it announced a bonus issue in the ratio of 1 new equity share for every 2 existing shares held, which will result in issuing about 1.11 crore new shares worth Rs. 11.11 crore, funded entirely from the company's Securities Premium Account (which had Rs. 12.33 crore available as on 31st March 2025). Third, it appointed M/s. Jay Pandya & Associates as the new Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The 43rd Annual General Meeting has been scheduled for 30th September 2025 via video conferencing.
Eligible shareholders will receive 1 free share for every 2 they currently own, increasing their share count by 50%. While the share price typically adjusts downward on the ex-date to reflect the bonus, total investment value remains unchanged in the short term. The move signals confidence from the board given adequate reserves, though shareholder approval at the AGM on 30th September is still required.