The Board considered & approved the Issue of Bonus Equity Shares in the ration of 1:10 i.e. 1 Bonus Equity Share of Rs. 2/- each for every 10 Equity Shares of Rs. 2/- each fully paid up ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
F Mec International Financial Services Ltd's board has approved two major corporate actions: (1) A stock split converting each ₹10 equity share into 5 shares of ₹2 each, aimed at improving liquidity and accessibility for retail investors, and (2) A bonus issue in the ratio of 1:10 (1 bonus share for every 10 shares held) to be funded from the share premium account of up to ₹88.92 lakh. The company also approved issuance of secured unlisted NCDs worth up to ₹5 crore at 16% interest per annum. These actions are subject to shareholder approval at an EGM scheduled for May 4, 2026, with the corporate actions expected to complete by June 2, 2026.
The stock split will make shares more affordable and potentially increase trading volume, while the bonus issue provides additional value to existing shareholders. Both actions are generally positive for retail investor participation, though the bonus ratio of 1:10 is modest.