Outcome of Board Meeting dated October 13, 2025
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The Board of Directors of Harshil Agrotech Ltd, at its meeting on October 13, 2025, approved the allotment of 22,22,50,000 (about 22.23 crore) fully paid-up bonus equity shares of Re. 1 each in the ratio of 10 bonus shares for every 32 existing shares. The record date was Friday, October 10, 2025. Following this allotment, the company's paid-up equity share capital rises from Rs. 71.12 crore (71.12 crore shares) to Rs. 93.345 crore (93.345 crore shares). The new bonus shares will carry the same rights as existing shares, including dividends and other corporate benefits declared thereafter. The approval was backed by shareholders who had given consent on September 28, 2025.
Shareholders will see their shareholding increase by about 31% (10 extra shares for every 32 held). While the company's total market value is unlikely to change, the share price is expected to adjust downward in proportion to the enlarged share count, making each unit more affordable for retail investors.