Key Quantitative Figures
The approval covers the issue and allotment of up to 5,55,88,884 bonus equity shares of Re. 1/- each. The bonus issue ratio is 2 (Two) fully paid-up equity shares for every 9 (Nine) existing fully paid-up equity shares held.
Purpose and Rationale
The stated purpose of the bonus issue is towards compliance with the Minimum Public Shareholding (MPS) requirements.
Conditions of Approval
The BSE approval is subject to several conditions:
- Submission of listing application form and required documents in the specified format
- Payment of additional listing fees on enhanced capital, if applicable
- Receipt of statutory and other approvals from SEBI, RBI, MCA, etc.
- Compliance with changing guidelines, regulations, and directions from Exchange or statutory authorities
- Compliance with all conditions of SEBI (LODR) Regulations, 2015 as on date of listing
- Compliance with Companies Act, 2013 and other applicable laws
- Allotment of Equity Shares shall only be made in dematerialized form
Approval Validity and Consequences
The Exchange reserves the right to withdraw approval if submitted information is found incomplete/incorrect/misleading/false or for any contravention of Rules, Bye-laws and Regulations. The approval is valid up to the time specified in Regulation 295(1) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Non-compliance will attract fines as mentioned in SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023.