VTM Ltd — Dividend/Bonus, 16-04-2025: Corp. Action

The company's Board has approved a bonus issue of equity shares in the ratio of 1.5:1, meaning shareholders will receive 1.5 fully paid-up shares for every existing share held, or rephrased, 3 shares for every 2 shares. This issuance will be from free reserves and requires shareholder approval via postal ballot. The total available reserves as of March 31, 2024, stand at ₹1180.77 crore. The decision is expected to enhance shareholder value and may positively influence investor sentiment amid the anticipated increase in share capital. Details regarding the record date and postal ballot process will be shared later.