The Board considered and approved the Amendment in AOA, Proposal of Issue of Bonus Shares in the ration 1.5:1 ie 1.5 Fully paid up equity shares for every 1 share held by the shareholder ....
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's Board of Directors, at a meeting held on 16 April 2025, approved a proposal to issue bonus shares in the ratio of 1.5:1, meaning every shareholder will receive 1.5 fully paid-up equity shares for every 1 share held, as on the record date. The bonus shares, with a face value of Rs. 1 each, will be issued by capitalising free reserves of the company. The Board also approved amendments to the Articles of Association (AOA) to insert enabling provisions for capitalisation of profits, and changes to the Memorandum of Association (MoA) to increase the authorised share capital accordingly. These proposals are subject to shareholders' approval through a Postal Ballot process, for which a Postal Ballot Notice has been approved and a Scrutinizer has been appointed.
This is a positive development for existing shareholders as the bonus issue increases the total number of shares held without any additional cost, though the share price typically adjusts downward proportionately post-record date. The company's decision to fund the bonus from free reserves signals healthy accumulated reserves and confidence in its financial position.