Allotment of Bonus Equity Shares.
Price
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Dev Labtech Venture Limited's Board of Directors approved the allotment of 2,37,26,278 fully paid-up Bonus Equity Shares of Rs. 5 each on May 18, 2026. The bonus was issued in a 1:1 ratio to eligible shareholders as of the Record Date of May 15, 2026. This means shareholders received 1 new bonus share for every 1 existing share held. The company's paid-up equity share capital has doubled from Rs. 11,86,31,390 to Rs. 23,72,62,780, with the total number of shares increasing from 2,37,26,278 to 4,74,52,556.
A 1:1 bonus issue doubles the number of shares in circulation, which generally dilutes earnings per share but rewards long-term shareholders by increasing their holding. The stock may see a price adjustment downward post-allotment to reflect the higher share count.