Board approves 7:24 bonus shares, subject to shareholder approval

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+2.1% vs market

Consulting Services peers, median of 17sector-0.5%+3.0% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 3.0 pts more than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The board approved bonus shares in ratio 7:24 (7 new shares for every 24 held). Pre-issue capital is Rs. 27.28 crore (2.72 crore shares); post-issue will rise to Rs. 35.23 crore (3.52 crore shares). About 79.56 lakh new equity shares will be issued, funded from free reserves of about Rs. 7.96 crore. Subject to shareholder and regulatory approval. AGM set for 21 August 2026; book closure from 10 to 21 August, cut-off date 7 August. APT and Co LLP appointed as new statutory auditors.

Likely market impact

Positive for shareholders as share count rises about 29 percent. Price adjusts downward on ex-date. Awaiting AGM approval.