Sealmatic India Limited shareholders have given their approval to three significant resolutions through a postal ballot voting process, marking important changes for the company's capital structure and share issuance plans.

Key Resolutions Approved

1. Increase in Authorized Share Capital: Shareholders approved an increase in the company's authorized share capital, which will be reflected in the Memorandum of Association.

2. Bonus Share Issue: The issuance of bonus shares to equity shareholders received approval.

3. Variation in Terms of Issue Objects: Shareholders approved changes to the terms of objects of the issue.

Voting Details

The postal ballot voting took place from October 8 to November 6, with results announced on November 7. Here's a breakdown of the voting participation and results:

• Voter participation: 73.13%

Public Shareholder Support

• Strong support for the first two resolutions
• 56,250 votes in favor of the third resolution

All three resolutions passed with the requisite majority through the e-voting system managed by KFin Technologies Limited.

This development signals a significant move for Sealmatic India Limited, potentially impacting its capital structure and shareholder value. The approval of bonus shares, in particular, may be of interest to current shareholders as it could affect their holdings.

The high participation rate of over 73% in the voting process demonstrates strong engagement from the company's shareholders in these corporate decisions. The unanimous support from the promoter group, coupled with the backing from public shareholders, indicates alignment between the company's strategic decisions and shareholder interests.

Investors and market watchers may want to monitor how these approved changes, particularly the bonus share issuance and the increase in authorized share capital, could impact Sealmatic India's stock performance and valuation.

Sealmatic India Limited has announced a significant move to reward its shareholders through a bonus share issue. The company's board of directors has approved a proposal to issue bonus shares in the ratio of 2:10, subject to shareholder approval.

Bonus Share Details

• Ratio: 2:10 (2 new equity shares for every 10 existing equity shares held)
• Example: A shareholder holding 150 equity shares will receive 30 new equity shares
• Pre-Bonus Share Capital: Rs. 9,05,00,000 divided into 90,50,000 equity shares of Rs. 10 each
• Post-Bonus Share Capital: Up to Rs. 10,86,00,000 divided into 1,08,60,000 equity shares of Rs. 10 each

Key Points from the Board Meeting

Increase in Authorized Share Capital

The board has decided to increase the authorized share capital of the company up to Rs. 12.50 crores, divided into 1.25 crore equity shares of Rs. 10 each, subject to shareholder approval.

Source of Bonus Shares

The bonus equity shares will be issued from the free reserves of the company available as of March 31, 2025.

Financial Position

As of March 31, 2025, the company reported:

Implementation Timeline

The estimated date for crediting/dispatching the bonus shares is within two months from the date of the board's approval.

Regulatory Compliance

The bonus issue is subject to necessary regulatory and statutory approvals, including shareholder approval.

Additional Corporate Actions

The board meeting, which commenced at 09:00 AM and concluded at 09:45 AM, also approved a proposal for variation in the terms of objects of the issue, subject to shareholder approval.

Sealmatic India Limited, formerly known as Sealmatic India Pvt Ltd, is listed on the BSE SME platform. The company's decision to issue bonus shares is likely aimed at increasing the liquidity of the stock and rewarding its shareholders.

Investors should note that while the board has approved these proposals, they are subject to shareholder approval and other regulatory clearances. The company will provide further updates as the process moves forward.

Note: All financial figures and share counts mentioned are subject to final shareholder and regulatory approvals.