Postal Ballot Notice of RIR Power Electronics Ltd.
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RIR Power Electronics Ltd has sent a postal ballot notice to shareholders seeking approval through remote e-voting for four key corporate actions: (1) increasing the authorised share capital from Rs. 14.05 crore (1.405 crore equity shares of Rs. 10 each) to Rs. 17.50 crore (1.75 crore equity shares of Rs. 10 each); (2) issuing bonus equity shares in the ratio of 1:1 (one new share for every existing share), capitalising up to Rs. 7.96 crore from reserves – Rs. 4.05 crore from the Capital Redemption Reserve and Rs. 3.91 crore from the Securities Premium Account; (3) sub-dividing every equity share of face value Rs. 10 into 5 equity shares of face value Rs. 2; and (4) altering the capital clause of the Memorandum of Association to reflect the changes. As of 31 March 2025, the company had reserves of Rs. 40.5 lakh in Capital Redemption Reserve, Rs. 60.54 crore in Securities Premium, and Rs. 31.90 crore in Retained Earnings, leaving ample headroom. E-voting begins on 4 June 2025 (9:00 AM IST) and closes on 3 July 2025 (5:00 PM IST), with results to be declared on or before 7 July 2025.
If approved, each existing share will effectively become 10 shares (1 bonus + 5-for-1 split), boosting share liquidity and affordability for retail investors while keeping the total value of holdings unchanged. The dual action signals management's confidence and improves market accessibility of the stock, which is generally viewed as shareholder-friendly.