Viviana Power Tech Limited has informed the Exchange regarding Notice of Postal Ballot
VIVIANA · price
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Awaiting price reaction for this filing.
Viviana Power Tech Limited has issued a Postal Ballot Notice seeking shareholder approval for a bonus issue of 3 new equity shares for every 5 existing equity shares held. The bonus shares will be issued by capitalising reserves, with the company's Reserves and Surplus standing at ₹5,438.29 Lakhs as on 31st March 2025. The company stated the bonus aims to make shares more affordable, boost liquidity, widen retail participation, and meet the paid-up capital requirement for migrating from the NSE Emerge Platform to the NSE Main Board. E-voting will be conducted through NSDL from 26th September 2025 to 25th October 2025, with the cut-off date set as 22nd September 2025. Results will be declared within two working days after the voting window closes.
If approved, shareholders will receive 3 bonus shares for every 5 held, increasing the share count and potentially improving liquidity and affordability. The market typically views bonus issues as neutral to mildly positive in the short term, though the stock price adjusts downward proportionately on the ex-date. The planned NSE Emerge to Main Board migration is a significant positive for liquidity and visibility.