Shalibhadra Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/04/2025 ,inter alia, to consider and approve 1) To consider and approve ....
SAHLIBHFI · price
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Shalibhadra Finance has called a Board meeting on 24th April 2025 to consider issuing Bonus Shares to existing equity shareholders. The Board will also look at increasing the Authorized Share Capital and amending the Capital Clause of the Memorandum and Articles of Association. Additionally, the Board will approve the notice for an Extra Ordinary General Meeting (EGM) to seek shareholder approval, fix the EGM date, and appoint a scrutinizer for the e-voting process. The trading window for insiders has been closed from 1st April 2025 until 48 hours after the declaration of audited results for Q4/FY25.
The proposed Bonus Shares, subject to shareholder approval at the EGM, would reward existing shareholders by increasing their shareholding without additional cost, though the exact ratio is yet to be disclosed. This is a positive corporate action that may lift investor interest in the stock.