Avenique Ltd Recommends 6:1 Bonus Share Issue

Avenique Ltd's Board of Directors has recommended a bonus equity share issue in the ratio of 6:1 to comply with minimum public shareholding requirements. The bonus shares will be issued to public shareholders, excluding the promoter and promoter group. The company will hold an Extra-Ordinary General Meeting on December 7, 2026, to seek shareholder approval for this bonus issue. Bigshare Services Private Limited has been appointed as the Remote E-Voting Agency, and M/s. Kamlesh shah & Co. as Scrutinizer for the EGM. The bonus issue will be funded by capitalizing free reserves, which stood at ₹331.80 Lakhs as of March 31, 2026. The bonus shares are expected to be credited by January 4, 2027.