Outcome of Board Meeting
Price
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Sealmatic India Limited's board, meeting on October 3, 2025, approved three key proposals subject to shareholder approval. First, the authorised share capital will be raised to Rs. 12.50 Crores, divided into 1.25 crore equity shares of Rs. 10 each. Second, the company announced a bonus share issue in a 2:10 ratio, meaning 2 new equity shares for every 10 shares held by existing shareholders. Third, there will be a variation in the terms of objects of the issue. The bonus shares will be issued from free reserves and securities premium, with Rs. 5,762.42 lakhs in free reserves and Rs. 3,600.37 lakhs in security premium available as of March 31, 2025. Pre-bonus share capital stands at Rs. 9.05 crores (90.5 lakh shares), which will increase to Rs. 10.86 crores (1.086 crore shares) post-bonus. Bonus shares are expected to be credited within two months of board approval.
This is a positive signal for existing shareholders as the bonus issue rewards them with additional shares without any cost, effectively increasing their holding by 20%. The increase in authorised capital provides room for future fundraising. However, the shares may see a proportional price adjustment (ex-bonus) after the record date, so the overall value of holdings remains largely unchanged immediately after the bonus is credited.