VTM Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/04/2025 ,inter alia, to consider and approve The amendments of Articles of Association ....
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VTM Ltd's Board of Directors will meet on 16 April 2025 at 4:30 PM via video conference. The key agenda items include considering amendments to the Articles of Association to enable capitalization of reserves and approving a proposal for the issue of bonus shares to shareholders. The board may also approve an increase in the authorized share capital if required for the bonus issue. VTM is a textile company listed on BSE (Scrip Code 532893) based in Tamil Nadu. The actual ratio and record date for the bonus shares have not yet been disclosed and will likely be decided on 16 April.
If the bonus share proposal is approved, existing shareholders will receive additional free shares, which is generally seen as a positive signal and often attracts retail interest in the short term. The stock may see a price adjustment on the ex-date to reflect the enlarged share count.