Patanjali Foods Seeks Shareholder Approval for 2:1 Bonus Share Issue
Patanjali Foods Limited has announced a proposal to issue bonus shares in a 2:1 ratio, subject to shareholder approval. The company will capitalize up to ₹146.00 crore from its reserves for this purpose. Eligible shareholders as of July 18 will receive 2 new fully paid-up equity shares of ₹2 each for every 1 existing share held. E-voting for shareholder approval will run from July 23 to August 21, with results expected by August 23.

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Patanjali Foods Limited , a prominent player in the Indian FMCG sector, has announced a proposal to issue bonus shares in a 2:1 ratio, subject to shareholder approval. The company has issued a postal ballot notice seeking shareholder approval for this corporate action.
Key Details of the Bonus Issue
Detail | Value |
---|---|
Ratio | 2:1 |
Face Value | ₹2.00 per share |
Capitalization | Up to ₹146.00 crore |
E-voting Period | July 23 to August 21 |
Cut-off Date for Eligibility | July 18 |
Financial Implications
The proposed bonus issue will be funded by capitalizing up to ₹146.00 crore from Patanjali Foods' reserves, which may include the Capital Redemption Reserve, Securities Premium Account, or General Reserve. This move is aimed at rewarding shareholders and improving the liquidity of the company's shares in the stock market.
Shareholder Approval Process
Patanjali Foods is seeking shareholder approval through a postal ballot, with voting to be conducted electronically. The e-voting period will commence on July 23 and conclude on August 21. National Securities Depository Limited will provide the e-voting facility. The results of the postal ballot are expected to be announced by August 23.
Eligibility and Issuance
The cut-off date for determining eligible shareholders is July 18. If approved, the bonus shares will be issued only in dematerialized form and will rank equally with existing shares. Shareholders will receive 2 new fully paid-up equity shares of ₹2 each for every 1 existing share held.
Scrutinizer Appointment
CS Prashant Diwan has been appointed as the scrutinizer for overseeing the postal ballot process.
Shareholders are advised to participate in the e-voting process to register their decision on this significant corporate action. The outcome of this proposal could have a notable impact on the company's share structure and market perception.
Historical Stock Returns for Patanjali Foods
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.96% | -3.16% | +15.14% | +3.42% | +14.66% | +144.12% |