Captain Technocast Limited's Board of Directors has approved a 1:1 bonus share issue, subject to shareholder approval. The company will issue one new equity share for every existing share, doubling the paid-up capital from Rs. 11.61 crore to Rs. 23.22 crore. The bonus shares will be funded from the company's free reserves. An EGM is scheduled for April 12, 2025, to seek shareholder approval. The record date is yet to be announced, and bonus shares are expected to be credited by May 16, 2025.
18Mar 25
Captain Technocast to Consider Bonus Share Issue After Five Years
Captain Technocast Ltd. is holding a board meeting on March 18, 2025, to consider issuing bonus shares, their first such consideration in five years. The board will also discuss setting a date for an Extra-Ordinary General Meeting (EGM) and appointing an e-voting scrutinizer. If approved, the bonus issue could increase shareholders' holdings without additional cost, potentially improving stock liquidity and creating a positive wealth effect for investors.