The Following items as set out in the Notice convening the EGM were commended for member''s consideration and approval: 1. Increase in authorised share capital of company and consequent ....
SAHLIBHFI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shalibhadra Finance held an Extraordinary General Meeting on 23rd May 2025 via video conferencing. Shareholders were asked to consider and approve two special business items: (1) an increase in the company's authorised share capital along with a corresponding change in the capital clause of the Memorandum of Association, and (2) the issuance of 3 bonus equity shares of face value Rs. 10 each for every 1 equity share held on the record date. This effectively means a 3:1 bonus issue, meaning shareholders will receive three free shares for each share they own. The bonus issue requires the authorised capital increase to accommodate the additional shares being issued.
If approved, this 3:1 bonus issue will triple the number of shares held by each shareholder, though the share price is expected to adjust downward proportionally. The total value of holdings should remain roughly the same on a per-shareholder basis. The capital increase also gives the company more room to raise funds or issue shares in the future.