Redtape Limited — Important, 26-12-2024: General Updates

The Board of Directors has declared an interim dividend of Rs. 2 (100%) per equity share for FY 2024-25, with January 3, 2024, set as the record date for payment. Additionally, the Board proposed an increase in authorized share capital from Rs. 30.02 crore to Rs. 112.01 crore, pending shareholder approval. This includes the introduction of 40.99 crore new equity shares at Rs. 2 each. Furthermore, the Board proposed issuing bonus shares in a 3:1 ratio, translating to 41.46 crore equity shares, sourced from free reserves reflecting profits. The pre- and post-bonus paid-up equity capital will shift from Rs. 27.64 crore to Rs. 110.56 crore. The timeline for crediting the bonus shares will be provided once SEBI approval is obtained, thus signaling significant movements in the company's equity structure and potential investor returns.