VTMLimited has announced a board meeting on which it allotted 6.03 crore fully paid-up bonus equity shares in the ratio of 3:2, meaning shareholders received 3 bonus shares for every 2 held.

This increased the paid-up equity share capital from ~40.23 crore shares to ~100.57 crore shares, utilizing free reserves amounting to ₹61.03 crore.

The bonus shares carry the same rights as existing shares, including dividends.

This move enhances shareholder value by increasing shareholding without additional investment.