Moneyboxx Finance Limited has informed the Exchange regarding Notice of Postal Ballot
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Moneyboxx Finance Limited has issued a Postal Ballot Notice seeking shareholder approval through e-voting for two special business items. The first resolution proposes increasing the Authorised Share Capital from Rs. 40 crore (4 crore equity shares of Rs. 10 each) to Rs. 100 crore (10 crore equity shares of Rs. 10 each), with a corresponding amendment to the Memorandum of Association. The second resolution seeks approval for a 1:1 bonus issue by capitalising up to Rs. 37.50 crore from the Securities Premium Account, which had a balance of approximately Rs. 203.46 crore as of March 31, 2025. The bonus shares will also extend to holders of 37,37,745 outstanding convertible warrants and 10,60,400 employee stock options. E-voting commences on November 5, 2025 and concludes on December 4, 2025, with results expected on or before December 8, 2025.
If approved, shareholders will receive one additional equity share for every share held, effectively doubling their shareholding count and increasing tradeable float. The post-bonus Securities Premium balance is expected to remain healthy at around Rs. 166 crore, suggesting this is a reward distribution rather than a dilution concern. The stock may see price adjustment on the ex-bonus date to reflect the new share count.