Document Title: Outcome of 6th (06/2026-27) Board Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Meeting Date: Saturday, October 3, 2026 (commenced at 05:30 PM, concluded at 07:45 PM)
Bonus Issue Summary
Bonus Ratio: 3:2 (Three bonus equity shares for every two existing equity shares)
Face Value: Re. 1/- per share for both existing and bonus shares
Record Date: To be intimated after obtaining shareholder approval and other necessary approvals
Source of Bonus: Capitalization of Free Reserves available as on March 31, 2026
Post-bonus Paid-up Share Capital: Up to ₹39,46,00,000/- (up to 39,46,00,000 equity shares of Re. 1/- each)
Change in Number of Shares: Increase from 157,840,000 shares to up to 394,600,000 shares
Estimated Allotment/Credit Date: On or before December 2, 2026 (within two months from board meeting date)
Shareholder Approval Required: Yes, through postal ballot process
Increase in Authorised Share Capital Required: Yes, from ₹16,00,00,000/- to ₹40,00,00,000/-
Free Reserves Available: ₹1,48,31,85,283/- as per audited financial statements for year ended March 31, 2026
Reserve Requirement for Bonus: Up to ₹23,67,60,000/- required for implementation
Fractional Entitlement: Fractional entitlements of 0.5 bonus shares will be consolidated and disposed of, with net sale proceeds distributed to entitled shareholders
Other Board Decisions
Increase in Authorised Share Capital: Approved increase from ₹16 crore to ₹40 crore with consequent alteration of Clause V of MOA, subject to shareholder approval
Postal Ballot Notice: Approved draft notice for obtaining shareholder approval for increase in authorised capital and bonus issue
Scrutinizer Appointment: Appointed M/s. Nisarg Sharma & Associates, Practicing Company Secretaries, as scrutinizer for postal ballot process through remote e-voting
