VTM Ltd — Updates, 17-04-2025: Company Update

The Board has approved a proposal for a bonus issue of equity shares in the ratio of 1.5:1, allowing shareholders to receive 1.5 bonus shares for every share held, subject to shareholder approval via Postal Ballot. This translates to a rephrased ratio of 3:2. The bonus shares will be issued from free reserves available as of March 31, 2024, pending further details regarding the Record Date.

Additionally, the Board approved amendments to the Memorandum and Articles of Association to facilitate the capitalization of profits and an increase in authorized share capital, which also requires shareholder approval.

This development could foster a positive outlook among investors as the bonus issue reflects potential growth and shareholder value enhancement, thereby signaling management's confidence in the company's financial position.