Outcome of the Board Meeting held on 26th June 2025
The Company has informed BSE and NSE that the Board of Directors of the Company at its meeting held on 26th June 2025, inter alia, considered and approved the following:
1. Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of ₹1/- each for every one (1) fully paid-up equity share of face value of ₹1/- each, held by the members of the Company as on the record date, by capitalising a sum not exceeding ₹96,41,57,160/- (Rupees ninety six crore forty one lakh fifty seven thousand one hundred and sixty only) out of the retained earnings of the Company, subject to the approval of the members of the Company. The record date for determining the entitlement of the members of the Company to receive bonus equity shares will be announced in due course.
The details as required in accordance with SEBI Master Circular No. SEBl/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, are enclosed as ‘Annexure – I’.
2. Alteration to the Capital Clause (Clause 5) of the Memorandum of Association of the Company to increase the authorised share capital from ₹100,00,00,000/- (Rupees one hundred crore only) to ₹200,00,00,000/- (Rupees two hundred crore only), subject to the approval of the members of the Company.
3. Convening of an extraordinary general meeting (“EGM”) of the Company on Thursday, 24th July 2025, through video conferencing/ other audio-visual means (VC/ OAVM) for the purpose of issuing bonus equity shares and making alteration to the existing Capital Clause of Memorandum of Association. A soft copy of the EGM Notice shall be sent in due course.