The Board Meeting is scheduled on 16th April 2025 to consider and approve the proposal of Issue of Bonus Shares.
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Awaiting price reaction for this filing.
VTM Ltd has informed the stock exchange that its Board of Directors will meet on 16th April 2025 to consider and approve a proposal for the issue of bonus shares. The board will also look at amending the Articles of Association to allow capitalization of reserves, and may approve an increase in authorized share capital if needed. The bonus ratio has not been disclosed in this intimation. VTM Ltd is a textile company based in Tamil Nadu, listed on BSE under scrip code 532893. This filing is a preliminary notice of the board meeting and not the actual approval.
Bonus issues are generally seen positively by retail investors as they increase share count without any cost, though the ex-date typically sees a price adjustment. Shareholders should wait for the actual ratio and record date announcement after the board meeting on April 16 for clarity on the benefit.