News ArticleChoice International Limited Announces 1:1 Bonus Share Issue and Raises Authorized Share Capital to ₹447.80 Crores
Bonus shares to be issued within two months post board approval, doubling paid-up capital subject to shareholder approval
Choice International Limited's Board approves 1:1 bonus share issue doubling equity shares for shareholders as of record date, increasing authorized share capital from ₹225 crores to ₹447.80 crores. Bonus shares will be issued from securities premium and free reserves with audited reserves of ₹745.88 crores as of March 31, 2026.
Choice International Limited
Corporate Action
Choice International Limited's Board of Directors approved a bonus issue of equity shares in the ratio of 1:1, doubling the number of shares held by shareholders on the record date, alongside increasing the authorized share capital to ₹447.80 crores from ₹225 crores.
The Board meeting held on November 2, 2026, resolved to increase the company's authorized share capital from ₹225,00,00,000 divided into 22,50,00,000 equity shares of ₹10 each to ₹447,80,00,000 divided into 44,78,00,000 shares of ₹10 each, subject to shareholder approval.
The proposed bonus issue will allot one additional equity share for every existing share held by shareholders on the record date yet to be announced, effectively doubling the paid-up share capital.
The bonus shares will be issued out of the Securities Premium Account or Free Reserves available as of March 31, 2026. The company has audited reserves amounting to ₹745,88,39,749 as of that date.
Pre-bonus paid-up capital stands at ₹222,77,65,000 divided into 22,27,76,500 shares. Post-bonus, paid-up capital will double to ₹445,55,30,000 divided into 44,55,53,000 shares.
The estimated timeline for crediting or dispatching bonus shares is within two months from the date of board approval, following shareholder consent.
Highlights
- Authorized share capital increase from ₹225 crores to ₹447.80 crores approved by board
- Bonus issue in ratio 1:1 for existing equity shareholders as on record date
- Bonus shares to be issued from securities premium and free reserves totaling ₹222.77 crores
- Audited free reserves and securities premium amount to ₹745.88 crores as of March 31, 2026
- Bonus shares expected to be credited within two months of board approval
Key Data Snapshot
What happened
- Choice International Limited's board approved a 1:1 bonus share issue doubling existing equity shares held by shareholders on the forthcoming record date.
- The company also approved increasing its authorized share capital from ₹225 crores to ₹447.80 crores to accommodate the bonus issue.
- Bonus shares issuance is subject to shareholder approval in an upcoming Extraordinary General Meeting.
- The board approved the draft notice for the 1st Extraordinary General Meeting for financial year 2026-27 regarding these corporate actions.
Key details
- Bonus shares will be issued from Securities Premium Account/Free Reserves as of March 31, 2026.
- Pre-bonus paid-up capital was ₹222.77 crores comprising 22.27 crore shares; post-bonus it will double to ₹445.55 crores and 44.55 crore shares respectively.
- The free reserves and securities premium available as of March 31, 2026, are ₹745.88 crores which are audited.
- Bonus shares are expected to be credited or dispatched within two months from board approval date.
- The authorized share capital increase results in 44.78 crore total equity shares authorized, each of ₹10 face value.
Highlights
- Authorized share capital increase from ₹225 crores to ₹447.80 crores approved by board
- Bonus issue in ratio 1:1 for existing equity shareholders as on record date
- Bonus shares to be issued from securities premium and free reserves totaling ₹222.77 crores
- Audited free reserves and securities premium amount to ₹745.88 crores as of March 31, 2026
- Bonus shares expected to be credited within two months of board approval
Disclosures
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015
- SEBI Circular SEBI/HO/CFD/CFD-PoD-UP/CIR/2023/123 dated July 13, 2023
Source Information
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