Bonus26 Jun 2025, 10:06 am
Nestle India Ltd Announces 1:1 Bonus Issue and Capital Clause Alteration
AI Summary
Nestle India Ltd announced the outcome of its Board Meeting held on 26th June 2025. The company approved a bonus issue of equity shares in the ratio of 1:1, i.e., one bonus equity share for every one fully paid-up equity share held by the members of the Company. The company also proposed to alter the Capital Clause of the Memorandum of Association to increase the authorized share capital from INR 100,00,00,000 to INR 200,00,00,000. An extraordinary general meeting will be convened on 24th July 2025 for the purpose of issuing bonus equity shares and making alteration to the existing Capital Clause of Memorandum of Association.
Key Highlights
- Nestle India Ltd approved a 1:1 bonus issue of equity shares.
- The company proposed to alter the Capital Clause of the Memorandum of Association to increase the authorized share capital.
- An extraordinary general meeting will be held on 24th July 2025 for the purpose of issuing bonus equity shares.
- The bonus issue will be made out of the retained earnings (free reserves) as per the audited financial statements for the year ended 31st March 2025.