The Board at its meeting held on 16.04.2025 considered the proposal of Issue of Bonus shares at the Ratio 1.5:1 ie 1.5 Shares fully paid up for the every 1 fully paid up share held by the ....
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The Board of Directors of VTM Ltd, at its meeting held on 16.04.2025, approved the issue of bonus shares in the ratio of 1.5:1, meaning 1.5 fully paid-up equity shares for every 1 existing share held by shareholders. The bonus shares will have a face value of ₹1 each and will be issued by capitalizing free reserves. The proposal is subject to shareholder approval through a Postal Ballot. The Board also approved amendments to the Articles of Association and the Memorandum of Association to enable the bonus issue and increase the authorized share capital. A scrutinizer has been appointed to oversee the postal ballot process, which will be conducted electronically.
This is a positive development for existing shareholders as they will receive 1.5 additional shares for each share they hold, increasing their shareholding without additional cost. The share price is expected to adjust downward proportionally on the ex-bonus date, but the overall value of holdings remains the same in the short term. The use of free reserves signals that the company has accumulated profits to distribute.