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

Vimta Labs has announced a board meeting outcome revealing key decisions made, including a proposed dividend of ₹2 per share for FY2024-25, subject to shareholder approval. The board has also recommended a 1:1 bonus equity share issuance, pending approvals. The annual general meeting's notice and directors' report were approved, and Ms. D. Hanumanta Raju & Co. have been appointed as secretarial auditors for five years, subject to shareholder consent. Furthermore, the board approved the company’s entry into Biologics Contract Research and Development, with a planned investment of ₹50 crore, and increased borrowing powers to ₹300 crore.