Bonus shares approved in ratio 7:24, AGM on 21 August

Corporate Actions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.5%Reaction day

₹3.54

prior close

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announcement price

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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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Reaction day

+2.5+0.5+2.1-0.5+3.0

Next day

+7.6-0.1+7.7+0.0+7.6

+7.3+1.0+6.4+2.6+4.7

+11.0+2.3+8.7+2.7+8.3

+16.4+2.8+13.6+2.9+13.5

+22.0+4.1+17.9+2.4+19.6

+15.8+4.5+11.3+2.5+13.3

15d

+13.0+4.8+8.2-1.2+14.2

+15.8+6.4+9.4-3.5+19.3

-16.7+5.5-22.2+2.1-18.8

-16.7pendingpending-0.6-16.1

UpDownMarket · Nifty Microcap 250Sector · Consulting Services peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved bonus issue of 7 shares for every 24 held, subject to shareholder and regulatory approval. Around 79.56 lakh new equity shares will be issued, raising capital from Rs.27.28 crore to Rs.35.23 crore. New auditor APT & Co LLP appointed. 34th AGM scheduled for 21 August 2026; book closure from 10 to 21 August.

Likely market impact

Bonus rewards existing shareholders but dilutes holding percentage. Needs shareholder approval at AGM on 21 August before execution.