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The Board has proposed a significant 4:1 bonus issue: 4 new shares for every 1 existing share held. This move aims to enhance liquidity and reward shareholders. The record date for eligibility will be announced separately. If approved, the company's paid-up equity capital will increase from Rs 16.98 Cr to Rs 84.92 Cr. This bonus will capitalize Rs 84.92 Cr from reserves, where Rs 8,880.02 Cr is available. Awaiting shareholder approval.
All announcements from Authum Investment & Infrastructure Limited