Regis Industries Limited (formerly known as Bhartia Bachat Limited) has announced a significant corporate action through a postal ballot notice, proposing to reward its shareholders with bonus shares and increase its authorized share capital.

Bonus Share Issuance

The company's Board of Directors has recommended issuing bonus shares in the ratio of 1:2, meaning shareholders will receive one new equity share for every two existing equity shares held. This move aims to capitalize Rs. 10.00 crore from the company's Share Premium Account as of March 31, 2025.

Increase in Authorized Share Capital

To facilitate the bonus issue, Regis Industries has proposed increasing its authorized share capital from Rs. 20.00 crore to Rs. 26.00 crore. This expansion will be achieved by creating an additional 6 crore equity shares of Rs. 1 each.

Voting Process

Shareholders can vote on these resolutions through remote e-voting, which will be open from July 31 to August 30, 2025. The company has appointed M/s Daksha Negi & Associates as the scrutinizer for the voting process, with the National Securities Depository Limited (NSDL) providing the e-voting facility.

Key Dates

Impact on Share Structure

If approved, the bonus issue will significantly increase the number of outstanding shares, potentially improving liquidity for shareholders. The proposed increase in authorized capital will provide the company with flexibility for future capital raising activities.

Chandrakant Parmar, Wholetime Director of Regis Industries Limited, signed the postal ballot notice, indicating the board's support for these corporate actions. Shareholders are encouraged to review the detailed notice and cast their votes before the deadline.

This move by Regis Industries Limited demonstrates the company's commitment to rewarding its shareholders and preparing for potential future growth opportunities.

Regis Industries Limited, a Kolkata-based company, has made significant announcements that are likely to benefit its shareholders. The company's board has approved a bonus share issuance and reported a turnaround in its quarterly financial results.

Bonus Share Issuance

The board of Regis Industries Limited has approved the issuance of bonus shares in a 1:2 ratio, subject to shareholder approval through postal ballot. This means shareholders will receive one new share for every two shares they currently hold. The company plans to issue approximately 8.6 crore new equity shares of Rs. 1 each, which will be funded from the securities premium reserves.

Increase in Authorized Share Capital

In conjunction with the bonus issue, the board has also approved an increase in the company's authorized share capital from Rs. 20.00 crore to Rs. 26.00 crore. This change, along with corresponding alterations to the Memorandum of Association, will also require shareholder approval.

Impact on Share Capital

Post the bonus issue, Regis Industries' paid-up equity capital is expected to increase from Rs. 17.21 crore to Rs. 25.81 crore. The bonus shares, once allotted, will rank pari-passu with the existing equity shares and will be entitled to participate in future dividends and corporate actions.

Q1 Financial Performance

Regis Industries has reported a significant turnaround in its financial performance for the quarter ended June 30:

Despite a 52.85% year-on-year decrease in revenue from operations, the company managed to turn a loss of Rs. 33.31 lacs in the same quarter last year into a profit of Rs. 153.19 lacs this quarter. This represents a remarkable 559.89% improvement in the bottom line.

Timeline for Bonus Shares

The company expects to credit the bonus shares to shareholders within two months from the date of board approval. The record date for determining eligible shareholders will be announced in due course.

These developments signal positive momentum for Regis Industries Limited, potentially enhancing shareholder value through the bonus issue and demonstrating improved profitability in its recent quarterly results.