Outcome of Board Meeting held today i.e., January 5, 2026
Price
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Awaiting price reaction for this filing.
The Board of Directors of Magnanimous Trade & Finance Limited approved the allotment of 2,18,83,764 fully paid-up bonus equity shares of Rs. 10 each in the ratio of 23:1 (23 shares for every 1 share held). The record date for determining eligible shareholders was Friday, 2nd January 2026. Following the bonus issue, the paid-up equity share capital increased from 9,51,468 shares (Rs. 95,14,680) to 2,28,35,232 shares (Rs. 22,83,52,320). The bonus shares will rank pari-passu with existing equity shares, including entitlement to future dividends and corporate benefits. The allotment was based on shareholder approval obtained at the EGM held on 15th December 2025. The bonus shares will be credited to eligible shareholders' demat accounts in due course.
This is a major bonus issue that increases the share count roughly 24-fold, which will mechanically reduce the stock price proportionally on the ex-bonus date. Total shareholder value remains unchanged, but EPS and per-share metrics will dilute significantly. No cash is raised by the company.