Issuance of Bonus Shares to the Equity Shareholders of the Company.
BONUS
◆ Monitor Closely
LOW RISK
📅 Filed on BSE: 27 Mar 2026, 04:06 PM IST · BSE ID: 05bdc128-7ef3-42ec-a7d3-31c8724d62df
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's Board decided to split each share into two smaller shares and increase its ability to issue new shares, pending shareholder vote.
🤖 AI Summary
- Board approved 1:2 share split: one Rs. 10 share becomes two Rs. 5 shares, fully paid-up
- Authorised capital increased from Rs. 15 Crore to Rs. 25 Crore — capacity for 2,50,00,000 equity shares
- Memorandum of Association amended — both Capital and Object Clauses subject to shareholder approval
- All actions require Postal Ballot approval from shareholders and regulatory clearances before implementation
- Record date for share subdivision will be announced separately to stock exchange
🔢 Key Numbers — exact figures from BSE filing, not rounded
Authorised Capital – Current
Rs. 15,00,00,000
Authorised Capital – Proposed
Rs. 25,00,00,000
Proposed Equity Shares (post-increase)
2,50,00,000 shares of Rs. 10 each
Share Split Ratio
1:2 (one Rs. 10 share becomes two Rs. 5 shares)
🏢 How This Affects the Company
Share subdivision and authorised capital increase provide structural flexibility for future equity issuance and fundraising without immediate P&L impact.
👥 What This Means For Shareholders
✅
Action Required
Participate in Postal Ballot to approve share split, authorised capital increase, and MOA amendments. Voting deadline and postal ballot notice will be communicated separately.
👤
Who Is Affected
All equity shareholders. Share split is auto-applied at record date — no action needed post-approval. Holdings double in quantity but proportional ownership unchanged. New authorised capital capacity enables future dilution if company issues additional shares.
🔍
Management Signal
Management is preparing structural foundation for growth and improved retail investor accessibility. Capital expansion indicates intent to preserve equity issuance headroom without frequent shareholder approvals.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Postal Ballot outcome announcement — expect within 30-45 days of filing date
Regulatory approval status and conditions from stock exchange and MCA
Record date intimation for share split execution and new share certificate issuance timeline
LOW RISK
Corporate actions are routine structural moves. Main risk: shareholder or regulatory rejection of Postal Ballot, delaying implementation.
💡 Investor Takeaway
Board approved 1:2 share split (Rs. 10 face value to two Rs. 5 shares) and authorised capital increase from Rs. 15 Crore to Rs. 25 Crore. Both require shareholder Postal Ballot approval. Record date will be announced separately.
⚖️ Strengths & Concerns
✅ Positives
- Authorised capital increase from Rs. 15 Crore to Rs. 25 Crore expands headroom for future equity issuance and strategic fundraising without repeated approvals.
- Share split from Rs. 10 to Rs. 5 face value improves retail accessibility and trading liquidity by lowering nominal share price.
⚠️ Concerns
- All approvals contingent on Postal Ballot and regulatory clearances — no guaranteed timeline for actual implementation disclosed.
- Share split and capital increase do not represent business growth or earnings improvement — purely structural capital management moves.