VTM Limited's board has approved a 1.5:1 bonus share issue, subject to shareholder approval. The company will issue 1.5 new shares for every 1 existing share, increasing the total number of equity shares from 4,02,27,600 to 10,05,69,000. The bonus issue will be funded from the company's free reserves. Additional measures include amendments to the Articles of Association, an increase in authorized share capital, and a postal ballot for shareholder approval. The estimated timeline for crediting bonus shares is within two months from the board approval date of April 16, 2025.
VTM Limited's board has approved a 1.5:1 bonus share issue, subject to shareholder approval. The company plans to increase its authorized share capital and amend its Articles of Association to facilitate this. Shareholders will vote on these proposals through a postal ballot. If approved, shareholders will receive 1.5 new shares for each existing share held, with the new shares having a face value of ₹1.00 each.
08Apr 25
VTM Limited to Consider Bonus Share Issue and Amendments to Articles of Association
VTM Limited's board of directors will meet on April 16, 2025, to discuss issuing bonus shares, amending Articles of Association, and potentially increasing authorized share capital. The meeting, scheduled for 4:30 PM via video conference, will also address other standard agenda items. This potential corporate action could impact the company's share structure.
07Apr 25
VTM to Consider Bonus Share Issue and Amendments to Articles of Association
VTM Limited (SCRIP CODE: 532893) has scheduled a board meeting for April 16, 2025, to discuss potential bonus share issuance, amendments to Articles of Association, and possible increase in authorized share capital. The meeting, to be held via video conference at 4:30 PM, will also address standard agenda items. The potential bonus share issue could increase stock liquidity and make shares more affordable to small investors.