Please be informed that the Board of Directors, in their meeting held today, i.e. Wednesday, September 03, 2025, have inter- alia, considered and approved the proposal of Issue of Bonus ....
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The Board of Directors of Valiant Communications Limited, at their meeting on September 3, 2025, approved a bonus issue of equity shares in the ratio of 1:2, meaning 1 new fully paid-up equity share of ₹10 each for every 2 existing shares held. A total of 38,14,030 bonus shares will be issued, increasing the share capital from ₹7.63 crore (76,28,060 shares) to ₹11.44 crore (1,14,42,090 shares). The bonus will be issued by capitalizing ₹3.81 crore from Capital Redemption Reserve, Securities Premium, and Retained Earnings. The company had ₹50.82 crore available in these reserves as of March 31, 2025. The proposal is subject to shareholder approval at the AGM on September 30, 2025, and the bonus shares are expected to be credited by November 2, 2025.
Eligible shareholders will receive 1 additional share for every 2 shares they hold, effectively increasing their share count by 50%. This is typically viewed positively as a reward to shareholders, though it dilutes the share price proportionally and does not change the underlying value of the investment.