Please find enclosed herewith the outcome of Board Meeting for issuance of Bonus Shares in the ratio of 1:1
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Awaiting price reaction for this filing.
The board of Julien Agro Infratech Ltd has approved the issuance of bonus shares to existing shareholders in the ratio of 1:1, meaning one additional equity share will be allotted for every one share held. The bonus shares will be issued out of the company's reserves or securities premium account. The record date and other key timelines for eligibility will be communicated separately. This effectively doubles the total number of outstanding shares of the company without any change in the underlying market capitalisation.
Each shareholder's holdings will double in quantity, but the share price is expected to adjust downward proportionally on the ex-bonus date. There is no real change in wealth for investors, though improved liquidity and a lower per-share price may attract more retail participation.