Abate AS Industries Board Approves 1:1 Bonus Share Issue

On June 17, 2025, the Board of Directors of Abate AS Industries Ltd approved the issuance of bonus shares in the ratio of 1:1. This means one new fully paid-up equity share of ₹10 will be issued for every existing equity share of ₹10 held by shareholders as on the record date. The proposal is subject to approval from members at the upcoming Annual General Meeting.

Total Shares to Be Issued

The company plans to issue 7,88,03,228 bonus shares, each having a face value of ₹10. The bonus shares will be issued out of the reserves and surplus account and the securities premium account, based on the financial statements as of March 31, 2025.

Change in Capital Structure

Before the bonus issue, the paid-up share capital stood at ₹78.80 crore (7,88,03,228 shares). After the issuance, the paid-up share capital will increase to ₹157.60 crore, with a total of 15,76,06,456 fully paid-up equity shares.

Funding the Bonus Issue

To implement the bonus issue, ₹78.80 crore will be capitalised. As of March 31, 2025, the company had ₹90.61 crore in the securities premium account. The general reserve stood at a negative ₹5.37 crore, and there was no capital redemption reserve. These figures are from the audited financial statements.

Other Decisions from the Board Meeting

The board also approved an increase in authorised share capital from ₹95 crore to ₹158 crore, by amending the capital clause of the Memorandum of Association.

The 34th Annual General Meeting will be held on Monday, July 14, 2025, at 12:00 PM through video conferencing. The company has finalised the cut-off date for voting rights and appointed CDSL as the e-voting facilitator, along with M/s Lakshmmi Subramanian & Associates as the scrutiniser.

Read More: SEBI Cracks Down on Sanjiv Bhasin, 11 Others in ₹11.37 Crore Front-Running Scandal!

Bonus Shares Timeline

The bonus shares are scheduled to be credited or dispatched on or before August 16, 2025, within 2 months from the board’s approval.

Abate AS Industries Share Price Performance 

As of June 16, 2025, Abate AS Industries share price traded at ₹21.21.

Conclusion

The 1:1 bonus share issue by Abate AS Industries is subject to shareholder approval at the upcoming AGM. The shares are expected to be credited or dispatched by August 16, 2025.

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