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Awaiting price reaction for this filing.
Valiant Communications has informed the stock exchange that it published a newspaper advertisement on October 2, 2025, in Financial Express (English) and Jansatta (Hindi) regarding the Record Date for its bonus share issue. The Record Date has been fixed as Thursday, October 10, 2025, to determine eligible shareholders. Under the bonus issue, shareholders will receive 1 bonus share for every 2 existing shares held, with each bonus share carrying a face value of Rs. 10. Shareholders holding shares in dematerialized (demat) form will have the bonus shares credited directly to their demat accounts with their respective depositories, while those holding physical shares will have their bonus shares kept in abeyance until they convert their holdings into demat form.
This is a positive development for existing shareholders as they will receive additional free shares, increasing their share count. While the stock price typically adjusts downward on the ex-date to reflect the increased share base, the overall value of holdings remains unchanged. Bonus issues often improve share liquidity and are generally viewed favorably by the market.