Greenlam Industries Limited — Important, 24-03-2025: General Updates

Greenlam has announced a board meeting on March 24, 2025, during which the Operational and Finance Committee allotted 12,75,73,851 equity shares of Re. 1 each as fully paid-up bonus shares, distributing one new share for every existing share held by eligible members as of the record date, March 21, 2025. This allotment increases the company's paid-up equity share capital to Rs. 25,51,47,702.

The issuance of bonus shares is aimed at enhancing shareholder value and may positively influence investor sentiment by signaling confidence in the company's growth prospects.