Patanjali Foods Limited has informed the Exchange about Shareholders meeting
PATANJALI · price
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Patanjali Foods Limited has issued a postal ballot notice seeking shareholder approval for a bonus share issue in the ratio of 2:1, meaning 2 new fully paid-up equity shares for every 1 existing share held. The bonus shares will be issued by capitalizing up to ₹146 Crore from the company's Capital Redemption Reserve, Securities Premium, or General Reserve, as the Board deems appropriate. Each equity share has a face value of ₹2. The remote e-voting period runs from 9:00 AM on July 23, 2025 to 5:00 PM on August 21, 2025, with a cut-off date of July 18, 2025. Bonus shares will be issued only in dematerialized form and will rank equally with existing shares. The proposal is being put forward as an Ordinary Resolution and requires shareholder approval to proceed.
If approved, existing shareholders will receive 2 additional shares for every share they own, tripling the share count, though the overall value of holdings remains unchanged as the share price adjusts downward proportionally. Bonus issues typically improve share liquidity and retail accessibility, which is generally viewed as a positive signal reflecting management's confidence in the company's reserves and growth prospects.