Outcome of Board Meeting - Allotment of Bonus Equity Shares in the Ratio of 1:1
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RIR Power Electronics has allotted 76,73,725 bonus equity shares of Rs. 10 each in a 1:1 ratio, meaning shareholders receive one new share for every one share held. This doubles the paid-up equity capital from Rs. 7.67 crore (76.73 lakh shares) to Rs. 15.35 crore (1.53 crore shares). The bonus was approved by the Board on May 29, 2025, and by shareholders via postal ballot on July 3, 2025. An additional 2.83 lakh shares have been reserved for preferential warrant holders upon conversion of their warrants.
Eligible shareholders will see their shareholding double, though the stock price typically adjusts downward on the ex-date to reflect the increased share count. Total investment value remains unchanged immediately after allotment, but the move signals management confidence in future growth and improves liquidity by increasing the number of outstanding shares.