We wish to inform the Stock Exchange that the Board of Directors of the Company, at their Meeting held on Monday, 18th May, 2026, has, inter alia other businesses, considered and approved ....
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The Board of Directors of Dev Labtech Venture Ltd approved the allotment of 2,37,26,278 bonus equity shares of Rs. 5 each on a 1:1 ratio. This means shareholders received 1 new bonus share for every 1 share held. The record date was 15th May, 2026. As a result, the company's paid-up equity share capital has doubled from Rs. 11.86 crore (2,37,26,278 shares) to Rs. 23.73 crore (4,74,52,556 shares). The new bonus shares will carry equal rights as existing equity shares. The board meeting lasted just 20 minutes, commencing at 10:30 a.m. and concluding at 10:50 a.m.
This bonus issue doubles the number of shares held by each shareholder while maintaining the same total investment value. While the absolute number of shares increases, the stock price per share will likely adjust proportionally. Such bonuses typically signal company confidence and improve liquidity of the stock.