Board approves 1:1 bonus issue and preferential convertible warrants
SHETHJI · price
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On 27 October 2026, the board approved one fully paid bonus share of Rs 10 for each existing share, subject to shareholder approval. Up to 2,49,62,280 bonus shares may be issued, including shares from warrant conversion. It also approved up to 22,02,280 convertible warrants at Rs 185 each, raising about Rs 40.74 crore. The EGM is set for 26 November 2026.
After approvals, the bonus can double the share count. New warrant shares may also reduce existing shareholders' ownership percentages.