Autoriders International has announced that its Board of Directors approved the issuance of bonus equity shares in a 5:1 ratio. This means shareholders will receive five new equity shares for every one share they hold as of the record date. The decision, made on September 29, 2025, is subject to shareholder approval and aims to reward investors. The bonus shares will be issued from the company’s free reserves and securities premium account.
Bonus Share Issuance
The Board of Directors of Autoriders International has approved the issuance of bonus equity shares. The decision was made at a board meeting held on September 29, 2025.
Bonus Ratio Details
The company will issue bonus shares at a ratio of 5:1. For every one existing equity share held on the record date, shareholders will receive five new, fully paid equity shares. The record date for determining eligible shareholders will be announced later.
Impact on Share Capital
Before the bonus issue, Autoriders International has a paid-up equity share capital of Rs. 5,801,400. The post-bonus paid-up equity share capital is expected to be around Rs. 34,808,400.
Financial Impact and Reserves
The company will utilize Rs. 89,010,000 from its general reserves, securities premium, capital redemption reserve, or retained earnings 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.
Timeline
The bonus shares are expected to be credited or dispatched within two months from the date of Board approval, contingent upon shareholder approval.
Source: BSE
