Bonus10 April 2026 at 01:01 pm
Avax Apparels Allots 62.35 Lakh Bonus Shares in 3:1 Ratio
AI Summary
Avax Apparels and Ornaments Ltd's Board of Directors, in a meeting on April 08, 2026, approved the allotment of 62,34,948 fully paid-up Bonus Equity Shares. These shares, with a face value of ₹ 5/- each, were issued in a 3:1 ratio, meaning three new bonus shares for every one existing share held by shareholders as of the record date, April 07, 2026. Following this allotment, the company's paid-up share capital has increased to ₹ 4,15,66,320, comprising 83,13,264 equity shares of ₹ 5/- each. This action is a significant corporate event for shareholders.
Key Highlights
- Board allotted 62,34,948 bonus equity shares.
- Shares issued in a 3:1 ratio, face value ₹5 each.
- Record date for bonus shares was April 07, 2026.
- Paid-up capital increased to ₹4,15,66,320 post-allotment.
- Total equity shares now stand at 83,13,264.