Narmada Macplast's board has approved a 1:1 bonus share issue, doubling the number of shares held by eligible investors by utilizing Rs. 3.623 Cr from free reserves.

Concurrently, a stock split will reduce the face value from Rs. 10 to Rs. 2, effectively converting each share into five, boosting share liquidity and accessibility.

The company's authorized share capital will also increase from Rs. 5 Cr to Rs. 10 Cr.

These significant capital structure changes, along with updated Articles of Association, are subject to shareholder approval.