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VTMLimited has announced a board meeting allotting 6.03 crore fully paid-up bonus equity shares in the ratio of 3 shares for every 2 held by existing shareholders. This has increased the issued and paid-up equity share capital from approximately 40.23 crore shares to 100.57 crore shares of face value ₹1 each. The bonus shares carry the same rights as existing shares, including dividends and corporate benefits. This move enhances shareholder value by rewarding existing investors with additional equity without requiring any investment.