The Board of Directors of Autoriders International has approved the issuance of bonus equity shares in the ratio of 5:1. This means shareholders will receive one new equity share for every five existing shares held. The bonus issue is subject to shareholder approval. The company intends to utilize its free reserves and securities premium account to implement the bonus issuance. The record date for the bonus issue will be decided later.
Bonus Share Issuance
Autoriders International has announced the approval of a bonus share issue by its Board of Directors. The decision was made during a board meeting held on September 29, 2025.
Key Details of the Bonus Issue
The Board has approved a bonus share issue in the ratio of 5:1. For every five existing equity shares held, shareholders will receive one new fully paid equity share. The issuance is subject to the approval of the company’s shareholders.
The company plans to use its free reserves and securities premium account to implement the bonus issue. As of March 31, 2025, the securities premium stood at Rs. 89,010,000 and retained earnings were Rs. 400,470,514. An amount of Rs.89,010,000 will be appropriated from either General Reserve or Securities Premium or Capital Redemption Reserve or Retained Earning for issuance of Bonus shares.
Share Capital Post-Bonus
The pre-bonus paid-up equity share capital is Rs. 5,801,400, consisting of 580,140 equity shares of Rs. 10 each. The post-bonus paid-up equity share capital is expected to be around Rs. 34,808,400, consisting of 3,480,840 equity shares of Rs. 10 each.
The bonus shares are expected to be credited/dispatched within two months from the date of board approval.
Source: BSE
