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The company's Board of Directors has approved the allotment of bonus shares.

Abate As Industries Ltd531658 · Filed with the exchange

Shareholders will receive one new equity share for every one share held.

This move results in the allotment of 7,88,03,228 new shares, increasing the company's paid-up equity share capital from Rs. 78.80 Cr to Rs. 157.61 Cr.

This bonus issue aims to enhance stock liquidity and reward shareholders by increasing their shareholding without an additional investment.

Read the original filing(PDF)

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