The shareholders will also vote on the bonus issue proposal to issue 1 fully paid-up equity share for every 19 existing equity shares, with December 5, 2025 set as the record date for determining the eligible shareholders.
This follows PRISM’s decision to revisit and consolidate its previous bonus structure based on shareholder and investor feedback, ensuring that the revised structure provides equal participation for all equity shareholders.
The process will be automatic and will not require any action from the shareholders.
As per the provisions of the Companies Act, 2013 the bonus shares will be issued out of the share premium and reserves of the company.
To support the future capital requirements associated with bonus issue and IPO, the authorized share capital of EGM Company is Rs. 2431 crore to Rs. 2491 crore will also be voted on, in which amendments will be made in accordance with Clause V of the Memorandum of Association.
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