Please find enclosed the receipt of inprinciple approval from BSE for issue and allotment of 8292090 equity shares of Rs. 10 each as bonus issue in the ratio 2:1 i.e., 2 (two) new fully ....
HALDER · price
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Halder Venture Ltd has received in-principle approval from BSE to issue 82,92,090 bonus equity shares of ₹10 each in a 2:1 ratio, meaning shareholders will get 2 new shares for every 1 share they currently hold. This effectively triples the total share count of the company. The bonus is still subject to shareholder approval and other regulatory clearances from SEBI, RBI, and MCA. The BSE approval is valid as per SEBI's ICDR Regulations and the company must comply with all listing conditions before allotment.
This is a positive signal of management confidence, rewarding existing shareholders with more shares at no extra cost. However, share price will likely adjust downward proportionally post-allotment, while total holdings remain the same in value. Retail investors should note the record date once announced to be eligible.