Choice International Limited announced its Board of Directors has approved a 1:1 bonus issue of equity shares, meaning one bonus share for every existing share held. This proposal, subject to shareholder approval, will also necessitate an increase in the company’s authorized share capital from ₹225 crore to ₹447.80 crore. The company also reported its unaudited financial results for the quarter and half-year ended September 30, 2026.
Choice International Approves Bonus Issue and Capital Increase
Choice International Limited’s Board of Directors, at a meeting held on November 02, 2026, has approved a significant proposal to issue bonus equity shares to its existing shareholders. The proposed ratio for the bonus issue is 1:1, which translates to one new equity share of ₹10 face value for every one existing equity share of ₹10 face value held as of a to-be-determined record date. This move is subject to the approval of the shareholders and other requisite statutory and regulatory approvals.
Expansion of Authorized Share Capital
In conjunction with the proposed bonus issue, the Board has also approved an increase in the company’s authorized share capital. The current authorized share capital of ₹225,00,00,000 (₹225 crore), comprising 22,50,00,000 equity shares of ₹10 each, will be increased to ₹447,80,00,000 (₹447.80 crore), comprising 44,78,00,000 equity shares of ₹10 each. This alteration is consequential to the bonus share issuance and will also involve an amendment to the Capital Clause of the company’s Memorandum of Association.
Financial Results for Q2 FY27
The Board also reviewed and approved the Un-Audited (Standalone and Consolidated) Financial Results for the quarter and half-year ended September 30, 2026. The results, along with the Limited Review Report from the auditors, have been enclosed. For the quarter ended September 30, 2026, the company reported a profit after tax of ₹694.61 million on a consolidated basis, and a total comprehensive income of ₹693.93 million.
Extra Ordinary General Meeting Announced
A draft notice for the 1st Extra Ordinary General Meeting (EGM) for the financial year 2026-27 has also been approved. The EGM will be convened to seek shareholder approval for the increase in authorized share capital, the amendment to the Capital Clause, and the issuance of bonus shares. The Board Meeting commenced at 03:30 P.M. and concluded at 6:00 P.M.
Key Financial Highlights (Consolidated)
Quarter Ended September 30, 2026
- Revenue from Operations: ₹3,728.67 million
- Profit Before Tax: ₹938.13 million
- Profit After Tax: ₹694.61 million
- Total Comprehensive Income: ₹693.93 million
Half Year Ended September 30, 2026
- Revenue from Operations: ₹6,826.53 million
- Profit Before Tax: ₹1,737.37 million
- Profit After Tax: ₹1,300.68 million
- Total Comprehensive Income: ₹1,302.16 million
Source: BSE
