Outcome of the board meeting held on today i.e. 05th september, 2025
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Harshil Agrotech's board met on September 5, 2025 and approved several key items. Most notably, the board approved a bonus issue in the ratio of 10:32, meaning 10 bonus equity shares of Re. 1 each for every 32 fully paid-up shares held on the record date (date to be announced later). The bonus will be funded by capitalising Rs. 22.22 crore from the Securities Premium Account, and shares are expected to be credited within 2 months. Post-bonus paid-up equity capital will rise from Rs. 71.12 crore (71.12 crore shares) to Rs. 93.34 crore (93.34 crore shares). The board also approved increasing the authorised share capital from Rs. 75 crore to Rs. 100 crore, fixed the 52nd AGM for September 28, 2025 in Ahmedabad, and appointed M/s Jitesh Patel & Associates as Secretarial Auditor for a 5-year term.
The 10:32 bonus issue is a positive event for existing shareholders as it increases their share count at no extra cost, though the share price will adjust downward proportionally. The bonus is well-supported by reserves (Rs. 43.97 crore available in Securities Premium and P&L surplus). The capital increase provides headroom for future fundraising or further issuances. Both the bonus and capital hike still need shareholder approval at the AGM on September 28.