Issuance of Bonus Shares to the Equity Shareholders of the Company.
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The board of Dev Labtech Venture Ltd approved multiple corporate actions on 27 March 2026, subject to shareholder approval via postal ballot. The company will sub-divide (split) each equity share of Rs. 10 face value into 2 equity shares of Rs. 5 face value, doubling the share count to about 2.37 crore shares while keeping paid-up capital unchanged at Rs. 11.86 crore. It also approved a 1:1 bonus issue post-split, meaning 1 additional free share for every 1 held, which will raise paid-up capital to about Rs. 23.73 crore (around Rs. 11.86 crore to be capitalized from free reserves/securities premium of Rs. 28.99 crore as on 31 March 2025). Authorised capital was increased from Rs. 15 crore to Rs. 25 crore, the object clause was widened to include food products and shipping/marine businesses, and a Rs. 744.22 lakh term loan from SIDBI was approved. Record dates for the split and bonus will be announced later, with both actions targeted to complete by 25 May 2026.
Shareholders will receive twice as many shares post-split and then double again via the 1:1 bonus, effectively quadrupling their share count with no cash outflow from the company. Theoretically value-neutral per shareholder, but the move signals an effort to improve liquidity, attract small investors, and broaden the shareholder base; the expansion into food and shipping businesses indicates a strategic shift away from the company's current focus.