Revised outcome The Board considered and approved Proposal for Bonus issue in the ratio 1.5:1 ie 1.5( One and Half) Fully paid shares for every 1 (One) fully paid share held by the shareholder ....
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VTM Ltd's board, at its meeting on April 16, 2025, approved a bonus issue of equity shares in the ratio of 1.5:1, meaning 1.5 bonus shares for every 1 share held (also stated as 3:2). The bonus shares of face value ₹1 each will be issued out of free reserves, requiring about ₹16.04 crores in capitalisation, against available free reserves of ₹180.77 crores as on March 31, 2024. The share count will increase from 4.02 crore to 10.06 crore equity shares post-bonus. The proposal is subject to shareholder approval via postal ballot, and the record date will be announced later. Bonus shares are expected to be credited within 2 months of board approval.
This is a generous bonus issue (150% on existing holding), which typically lifts liquidity and is viewed positively by retail investors, though the share price adjusts downward proportionally on the ex-bonus date. The bonus is well-covered by free reserves, signalling a healthy balance sheet.