V-Mart Retail Limited has informed the Exchange about General Updates
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V-Mart Retail Limited has informed the exchanges that its shareholders have approved two key resolutions through a Postal Ballot. First, the company has increased its Authorised Share Capital to Rs. 95 crore, divided into 9.5 crore equity shares of Rs. 10 each, and altered the Capital Clause of the Memorandum of Association accordingly. Second, shareholders have approved the issue of Bonus Shares. The disclosure was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. The exact bonus ratio and record date have not been disclosed in this filing.
The increase in authorised capital is a procedural step to enable the upcoming bonus share issuance, which is generally viewed positively by retail investors as it increases share liquidity and makes the stock more affordable. Shareholders should watch for a separate announcement detailing the bonus ratio and record date.