Outcome of Board Meeting held today i.e. on April 03, 2025 in terms of second proviso to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Ranjeet Mechatronics Ltd's board, at its meeting on April 3, 2025, approved the allotment of 1,00,00,000 (1 crore) fully paid-up bonus equity shares of Rs. 10 each in a 1:1 ratio (one bonus share for every one share held). The record date for determining eligible shareholders was April 2, 2025. Following this allotment, the company's paid-up equity share capital doubles from Rs. 10,00,00,000 (1 crore shares) to Rs. 20,00,00,000 (2 crore shares). The bonus shares will rank equally with existing shares in all respects, including dividend rights. The shares will be credited to shareholders' demat accounts in due course. This follows shareholder approval obtained through postal ballot on March 21, 2025.
Eligible shareholders will see their shareholding double in quantity at no extra cost, though the stock price is likely to adjust downward proportionally on the ex-bonus date. Total market value of holdings should remain largely unchanged immediately after the bonus issue.