Header Information
- Document Title: Outcome of Board Meeting
- Meeting Date: September 23, 2026
Bonus Issue Summary
- Bonus Ratio: 1:1 (One bonus equity share for every one existing equity share)
- Record Date: To be determined by the Board
- Source of Bonus: Share premium account
- Pre-bonus Paid-up Share Capital: ₹10,46,16,204 divided into 10,46,16,204 equity shares of ₹1 each
- Post-bonus Paid-up Share Capital: ₹20,92,32,408 divided into 20,92,32,408 equity shares of ₹1 each
- Change in Number of Shares: Increase from 10,46,16,204 shares to 20,92,32,408 shares
- Estimated Allotment/Credit Date: By November 22, 2026 (within 2 months from board meeting)
- Shareholder Approval Required: Yes
- Increase in Authorised Share Capital Required: Yes (from ₹11 crore to ₹22 crore)
The bonus issue represents a 100% expansion of the share capital through capitalization of reserves. The mechanical dilution effect on Earnings Per Share will be proportional to the share count doubling. The company has adequate reserves with a share premium balance of ₹81,97,08,024 as of March 31, 2026, significantly exceeding the required ₹10,46,16,204 for capitalization.
Capital Structure Changes
The Board approved an increase in the Authorised Share Capital from ₹11,00,00,000 (divided into 11,00,00,000 equity shares of ₹1 each) to ₹22,00,00,000 (divided into 22,00,00,000 equity shares of ₹1 each). This creates an additional 11,00,00,000 equity shares ranking pari passu with existing shares. Consequential amendment to Clause V of the Memorandum of Association is required, subject to shareholder approval.
Meeting Details
The Board Meeting commenced at 03:30 PM and concluded at 04:05 PM on September 23, 2026.