The Bonus Allotment Committee of the Board of Directors approved the allotment at its meeting held on August 21, 2026. The meeting commenced at 11:30 AM and concluded at 11:45 AM.
The company has allotted 51,99,630 (Fifty-One Lakh Ninety-Nine Thousand Six Hundred Thirty) fully paid-up bonus equity shares of ₹10 each. The bonus issue ratio is 1:2, meaning one new equity share for every two existing fully paid-up equity shares held.
The allotment was made to eligible shareholders whose names appeared in the Register of Members/Register of Beneficial Owners as on August 20, 2026, which was the record date fixed for this purpose. Fractional shares resulting from the bonus issue have been ignored and no allotment was made for such fractional equity shares, in accordance with terms approved by shareholders and applicable laws.
Capital Structure Impact
Consequent to the bonus allotment, the paid-up equity share capital of the company has increased as follows:
- Pre-bonus capital: 1,03,99,275 shares of ₹10 each, totaling ₹10,39,92,750
- Post-bonus capital: 1,55,98,905 shares of ₹10 each, totaling ₹15,59,89,050
The newly allotted bonus equity shares will rank pari-passu in all respects and carry the same rights as the existing equity shares of the company.
Procedural Details
The bonus equity shares will be credited to shareholders within statutory time limits. For members holding equity shares in physical form, the bonus shares will be transferred to a Suspense Escrow Demat Account opened for this purpose, within the time prescribed by law and relevant authorities, subject to SEBI guidelines.
No letter of allotment will be issued to allottees of the newly issued bonus shares. The voting rights of bonus shares held in the Suspense Escrow Demat Account will remain frozen.
The disclosure was signed by Sarang Bhand, Managing Director (DIN: 01633419), on behalf of Organic Recycling Systems Limited.