Revision of 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 ....
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The Board of Directors of VTM Ltd, at its meeting on April 16, 2025, approved a proposal to issue bonus equity shares in the ratio of 1.5:1 (equivalently 3:2), meaning shareholders will receive 1.5 fully paid-up equity shares of face value ₹1 each for every 1 share held. The bonus will be issued out of free reserves, requiring approximately ₹6.04 crores against available reserves of ₹180.77 crores as on 31.03.2024. Pre-bonus equity share count stands at 4,02,27,600 shares, which will increase to 10,05,69,000 shares post-bonus. The proposal is subject to shareholder approval via Postal Ballot, and the record date will be announced separately. Bonus shares are expected to be credited within 2 months from the board approval date.
This is a value-neutral event for existing shareholders — the total value of holdings stays the same, but share count increases by 150%, typically leading to a proportional price adjustment. Increased liquidity and a lower per-share price may attract more retail participation, but EPS will also get diluted accordingly.