Banco Products (I) Limited — Important, 31-12-2024: General Updates

The Bonus Allotment Committee of Banco Products (India) Ltd. has approved the allotment of 7,15,18,650 equity shares at a nominal value of Rs. 2 each as fully paid-up bonus shares, in a 1:1 ratio. This allotment is granted to eligible members as of the record date of 30th December, 2024. As a result, the company's paid-up equity share capital has doubled, increasing from Rs. 14.30 crore to Rs. 28.60 crore. This action enhances liquidity and could be viewed positively by investors, potentially increasing shareholder value through improved market sentiment.