Vimta Labs Limited — Board Meeting, 28-04-2025: Outcome of Board Meeting

Vimta Labs has announced a board meeting outcome highlighting several key decisions. A dividend of ₹2 (2 Cr) per share has been proposed for the financial year 2024-2025, pending shareholder approval at the upcoming AGM. The board also recommended a 1:1 bonus equity share issue, appointment of a secretarial auditor for five years, and reappointment of an independent director for another term. Furthermore, the company is set to invest ₹50 Cr into biologics contract research, aiming to enhance its capabilities in the biopharmaceutical sector. Borrows powers have been approved to increase up to ₹300 Cr, subject to shareholder consent.