The Board has announced a bonus issue of equity shares in a ratio of 1:2, meaning shareholders will receive 1 additional share for every 2 shares held.

This translates to approximately 15.87 crore new shares, to be issued from free reserves.

The bonus shares will hold equal rights with existing shares and enable full participation in future corporate actions.

The record date for this issuance is yet to be determined, and shareholders will vote via a Postal Ballot.

Bonus shares are expected to be credited within two months following Board approval, boosting the total share capital from approximately ₹31.75 crore to about ₹47.62 crore post-issue.