Minutes of the resolution passed by way of Postal Ballot through remote E-voting Process.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
VTM Ltd shareholders approved four resolutions via postal ballot (e-voting from April 23 to May 23, 2025) with overwhelming support of over 99.99% in favor on each resolution. The key item is a bonus share issue in the ratio of 3:2 (three new shares for every two held), to be issued by capitalising up to ₹6.04 Crore from general reserves and/or retained earnings. To accommodate the bonus, the authorised share capital is being raised from ₹10 Crore to ₹11 Crore (creating 1 crore additional equity shares of ₹1 each), with corresponding changes to the Memorandum and Articles of Association. Around 40.23 lakh shares were eligible to vote, and none of the promoter or promoter group members had any interest in the resolutions, meaning the bonus applies equally to all shareholders. Bonus shares will be issued only in demat form, will rank pari passu with existing equity, and fractional entitlements will be consolidated and sold with proceeds distributed to shareholders. The company will announce a record date in due course after these approvals.
Eligible shareholders will receive 3 bonus shares for every 2 shares held on the record date (to be announced), raising their share count by 150% at no extra cost. Although EPS will be proportionately adjusted, the bonus reflects management's confidence and rewards long-term holders; however, expect a one-time drop in the stock price roughly proportional to the bonus ratio on the ex-date.