With reference to the captioned subject, we wish to inform you that the Board of the Directors of the Company at their meeting held today i.e. 24th April, 2025 have considered and approved ....
SAHLIBHFI · price
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The Board of Directors of Shalibhadra Finance Ltd, at its meeting on 24th April 2025, approved two key capital structure changes. First, the Authorized Share Capital will be raised from Rs. 8 crores (80 lakh equity shares of Rs. 10 each) to Rs. 31 crores (3.1 crore equity shares of Rs. 10 each). Second, the Board approved a Bonus Issue in the ratio of 3:1, meaning 3 new equity shares for every 1 share held. This will result in issuance of approximately 2.31 crore new shares worth Rs. 23.17 crores, taking the paid-up capital from Rs. 7.72 crores (77.22 lakh shares) to Rs. 30.89 crores (3.09 crore shares). The bonus will be funded entirely from Free Reserves and Securities Premium Account, which stood at Rs. 127.62 crores as on 31st December 2024. The bonus shares are expected to be credited by 22nd June 2025, subject to shareholder approval at the EGM scheduled for 23rd May 2025.
The bonus issue is fundamentally value-neutral for existing shareholders, as the share price typically adjusts downward proportionally to reflect the increased share count. Existing shareholders will hold 4 times as many shares after the bonus. The move signals confidence from management in the company's reserves position and may improve liquidity and retail participation in the stock.