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The Board of Directors of Shalibhadra Finance Limited has approved a plan to increase the Authorized Share Capital from ₹8 Cr to ₹31 Cr, pending approval at an Extra Ordinary General Meeting. Additionally, a Bonus Issue of 3 Equity Shares for every 1 Share held is proposed, totaling 2.31 Cr Shares valued at ₹23.17 Cr, to be funded from available free reserves. Post-issue, the Paid-Up Equity Share Capital will rise to ₹30.89 Cr. This strategic maneuver aims to enhance shareholder value and liquidity, potentially fostering a positive outlook among investors ahead of the EGM on May 23, 2025.