Please find enclosed outcome of Board Meeting for allotment of Bonus Issue of Shares
Price
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Meghna Infracon Infrastructure Limited has allotted 1,08,61,875 bonus equity shares of Rs. 10 face value each in a 1:1 ratio (one new share for every one existing share). This doubles the paid-up equity share capital from Rs. 10.86 crore (1,08,61,875 shares) to Rs. 21.72 crore (2,17,23,750 shares). The bonus issue was approved by shareholders at the EGM held on June 13, 2025, and the record date was previously fixed for eligibility purposes. The newly allotted bonus shares will rank equally with existing shares for future dividends and corporate benefits.
Shareholders will receive one additional share for every share held, effectively doubling their share count (though the share price typically adjusts downward proportionally, keeping overall value neutral). The dilution of capital structure is purely a bookkeeping exercise and generally has no fundamental impact on the company's valuation.