Motherson Sumi Wiring India Limited — Others, 07-07-2025: Shareholders meeting
07-07-2025 | 02:59 pm
07-07-2025 | 02:59 pm
Motherson Sumi Wiring India Limited has announced a board meeting to approve a 1:2 bonus share issue, granting 1 bonus equity share for every 2 existing shares. The resolution was passed with over 98.6% of valid votes in favor through postal ballot e-voting. Total votes cast were approximately 374 crore shares, with only 1.36% against. This significant bonus share issuance will increase share capital and enhance shareholder value by rewarding existing investors without impacting company reserves.
No comments yet. Be the first to comment!
