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Valiant Communications Limited has allotted 38,14,030 fully paid-up bonus equity shares of face value ₹10 each. The bonus issue is in the ratio of 1:2, meaning 1 new bonus share for every 2 existing shares held by shareholders as on the record date of Friday, October 10, 2025. As a result, the company's paid-up share capital has increased from ₹7,62,80,600 (76,28,060 shares) to ₹11,44,20,900 (1,14,42,090 shares), a 50% expansion. The newly allotted bonus shares will carry the same rights as existing equity shares, including eligibility for future dividends and corporate benefits.
Shareholders receive 1 additional share for every 2 they own, increasing their share count by 50%. The share price typically adjusts downward proportionally, so the overall investment value remains largely unchanged, but liquidity improves with more shares in circulation.