The Outcome of Board meeting for Allotment of Bonus Shares has been attached herewith.
Awaiting price reaction for this filing.
The Board of Directors approved the allotment of 15 lakh fully paid-up bonus equity shares of Re. 1 each in the ratio of 6:1, meaning shareholders will receive 6 bonus shares for every 1 share held. The record date was 08th May, 2026. Promoters and Promoter Group are excluded from this bonus issue. As a result, the company's paid-up equity share capital increased from Rs. 50 lakh to Rs. 65 lakh, representing a 30% increase in total shares outstanding.
The 6:1 bonus ratio is very high and signals strong confidence from management. It increases liquidity and accessibility of the stock while diluting EPS. For shareholders, the market price per share will likely adjust downward proportionally, though the total value remains similar.