Revised outcome - The proposal of Issue of Bonus shares is considered and approved by the board at ratio 1.5:1 Ie 1.5 ( One and Half) Shares fully paid for every 1 (one) fully paid share ....
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The board of VTM Ltd has approved the issue of bonus shares in the ratio of 1.5:1 (equivalently 3:2), meaning every shareholder will receive 1.5 new fully paid-up equity shares of face value ₹1 each for every 1 share held. The bonus will be issued by capitalising free reserves. The proposal is subject to shareholder approval via postal ballot. The board also approved related amendments to the Articles of Association and an increase in authorised share capital, and appointed a scrutiniser for the postal ballot process. A record date will be announced in due course.
A 1.5:1 bonus issue is a shareholder-friendly move that signals healthy free reserves, but it will increase the total share count and the share price is typically adjusted downward by the same ratio. Short-term price reaction may be neutral to mildly positive; no cash benefit is paid out.