Outcome of Borad Meeting for allotment of Bonus issue shares
Price
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Pro Fin Capital Services Ltd has allotted 29,62,97,163 bonus equity shares of Re.1 each to existing shareholders in a 1:1 ratio (1 new share for every 1 held). The bonus issue was approved by the Board on October 10, 2025, and by shareholders at an EGM on December 23, 2025. Post-allotment, the company's paid-up equity share capital doubles from Rs. 29.62 crore to Rs. 59.26 crore (shares rise from ~29.63 crore to ~59.26 crore). The bonus shares will rank pari-passu with existing shares and qualify for future dividends and corporate benefits. The record date for eligibility was set earlier for this purpose.
The number of shares held by each shareholder will double, though the overall value of holdings remains the same immediately post-allotment (price typically adjusts downward). This rewards existing shareholders and may improve liquidity by increasing the share base, but it does not change the company's fundamentals.