Abate As Industries Ltd — Updates, 17-06-2025: Company Update

Abate AS Industries Limited has announced a board meeting to approve a 1:1 bonus share issue, doubling the equity share capital from Rs. 78.8 Cr to Rs. 157.6 Cr, subject to shareholder approval. The bonus shares will be issued from reserves and security premium available as per the latest audited financials. The company has also proposed increasing its authorized share capital from Rs. 95 Cr to Rs. 158 Cr, pending member approval. The 34th AGM and e-voting details have been finalized, with the meeting to be held via video conferencing. This move enhances shareholder value by increasing liquidity and shares outstanding.