Avenique Ltd Recommends 6:1 Bonus Issue for Public Shareholders

Avenique Ltd's Board of Directors has recommended a bonus share issuance in a 6:1 ratio, offering 6 equity shares of Rs. 2/- each for every 1 equity share held by public shareholders. This move, excluding promoters and promoter groups, aims to comply with minimum public shareholding requirements. The company will hold an Extra-Ordinary General Meeting on December 7, 2026, to seek shareholder approval. The bonus issue will be funded by capitalizing free reserves, with Rs. 3,00,000 required and Rs. 331.80 Lakhs available as of March 31, 2026. The shares are expected to be credited within two months of the board meeting, by January 4, 2027. The pre-bonus share capital is Rs. 10,00,000, and post-bonus, it will be Rs. 13,00,000.