Board recommends bonus shares in 1:2 ratio
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board of Organic Recycling Systems Ltd has approved issuing bonus shares in a 1:2 ratio, meaning 1 new equity share of Rs 10 for every 2 existing shares held. Around 51.99 lakh new shares will be issued, raising paid-up capital from Rs 10.40 crore to Rs 15.60 crore. The bonus will be funded through the share premium account and capital redemption reserve. Record date will be announced separately. Bonus shares are expected to be credited to demat accounts by September 3, 2026. Subject to shareholder and regulatory approvals.
Shareholders receive extra shares at no cost. Share price usually adjusts lower on the ex-date. No cash outflow for the company.