Captain technocast Limited has informed the BSE about the successful completion of a separate meeting of Independent Directors held on March 30, 2026, in accordance with regulatory requirements under Schedule IV of the Companies Act, 2013 and Regulation 25(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Meeting Details and Compliance

The separate meeting of Independent Directors was conducted at the company's registered office on Monday, March 30, 2026. The session commenced at 12:00 p.m. and concluded at 12:30 p.m., ensuring efficient governance oversight within a structured timeframe.

Key Agenda Items and Assessments

The Independent Directors conducted a comprehensive evaluation covering three critical areas of corporate governance. The meeting agenda focused on performance assessment and information flow evaluation to ensure effective board functioning.

The directors undertook the following assessments:

• Board Performance Review: Comprehensive evaluation of Non-Independent Directors and overall Board effectiveness
• Leadership Assessment: Performance review of the Chairperson incorporating perspectives from both executive and non-executive directors
• Information Flow Analysis: Assessment of quality, quantity and timeliness of information flow between company management and the Board

Regulatory Framework and Governance

This separate meeting aligns with mandatory corporate governance requirements under Indian regulatory framework. Schedule IV of the Companies Act, 2013 mandates Independent Directors to hold separate meetings to evaluate board performance and ensure effective governance oversight.

Management Communication

The outcome was communicated to BSE by Managing Director Anilbhai Vasantbhai Bhalu (DIN: 03159038), ensuring transparent disclosure to stakeholders. The company has requested BSE to take the meeting outcome on record, maintaining compliance with listing obligations and disclosure requirements.

Captain Technocast Limited has announced a significant corporate action that is set to benefit its shareholders. The company's Board of Directors, in a meeting held on March 18, 2025, approved the issuance of bonus shares in a 1:1 ratio, subject to shareholder approval.

Bonus Share Details

The bonus issue will see shareholders receive one new equity share for every one share they currently hold. This move is aimed at rewarding existing shareholders and potentially increasing the liquidity of the company's stock in the market.

Key Points of the Bonus Issue

• Ratio: 1:1 (One bonus share for every one existing share)
• Pre-Bonus Paid-up Capital: Rs. 11.61 crore (1,16,10,050 equity shares of Rs. 10 each)
• Post-Bonus Paid-up Capital: Rs. 23.22 crore (2,32,20,100 equity shares of Rs. 10 each)
• Source of Bonus Issue: Free reserves of the company as of September 30, 2024
• Required Amount: Rs. 11.61 crore for implementing the bonus issue
• Available Reserves: Rs. 17.23 crore in free reserves and securities premium account

Approval Process and Timeline

The bonus issue is subject to shareholder approval, which will be sought at an Extraordinary General Meeting (EGM) scheduled for April 12, 2025. The meeting will be conducted through video conferencing at 11:00 AM.

Key dates for shareholders to note:

Financial Implications

The bonus issue will be implemented by capitalizing a sum not exceeding Rs. 11.61 crore from the company's securities premium account or other permitted reserves. This move will not affect the company's cash reserves, as it merely involves a reallocation within the company's balance sheet.

Management's Perspective

Mr. Shailesh Karshanbhai Bhut, Whole Time Director of Captain Technocast, stated in the company's filing, "The bonus issue is aimed at enhancing the liquidity of our equity shares and to rationalize the capital structure. We believe this corporate action will benefit our shareholders and potentially broaden our investor base."

Conclusion

The bonus issue represents a significant milestone for Captain Technocast and its shareholders. While it doesn't directly impact the fundamental value of the company, it effectively increases the number of shares in circulation, potentially making the stock more accessible to a broader range of investors. Shareholders are advised to keep an eye out for further announcements regarding the record date and other procedural details.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult financial advisors before making investment decisions.