Apis India Limited recommends 24:1 bonus issue

The Board of Directors of Apis India Limited, at its meeting held today i.e. Monday, October 13, 2025, has considered and recommended the issue of Bonus Shares in the ratio of 24:1 i.e. 24 (Twenty-Four) new fully paid-up Equity Shares of Rs. 10/- (Rupees Ten Only) each for every 1 (One) existing fully paid-up Equity Share of Rs. 10/- (Rupees Ten Only) each, to the eligible Equity Shareholders of the Company as on the record date, subject to approval of the Shareholders of the Company, by capitalization of free reserve.

The board approved increase in the Authorised Share Capital of the Company from Rs. 13.30 crore to Rs. 140.00 crore, subject to the approval of shareholder of the Company.

The board approved the Postal Ballot Notice for obtaining approval from the shareholders of the Company for the issue of Bonus Shares and Increase in the Authorised Share Capital of the Company.

The Company will announce the "Record Date" for determining eligibility of Shareholders entitled for issuance of Bonus Shares, in due course.

Source : Equity Bulls

Keywords

ApisIndia BonusIssue 24For1