Board Approves 1:2 Bonus Issue of Equity Shares at ₹10 Face Value
Organic Recycling Systems Ltd has approved a bonus issue plan, recommending the issuance of new fully paid-up equity shares through the capitalization of eligible reserves. The move is set to significantly increase the company's paid up capital structure.The Board of Directors of Organic Recycling Systems Limited confirmed the recommendation for issuing bonus shares at a ratio of 1:2. This means that one new equity share, each with a face value of ₹10, will be issued for every two existing fully paid-up equity shares held by eligible shareholders as of the record date.
The issuance is planned out of the share premium account (eligible for capitalization, net of accumulated deficit reserve) and/or the capital redemption reserve account available to the company. The total approximate issuance includes 51,99,637 equity shares amounting to ₹5,19,96,370/-.
The company’s paid up equity share capital before the bonus issue stood at ₹10,39,92,750, consisting of 1,03,99,275 shares of ₹10 each. Post-bonus issue, the expected paid up equity share capital is projected to reach ₹15,59,89,120, comprising 1,55,98,912 shares of ₹10 each.
The company holds an aggregate amount of ₹151,95,47,620 as at March 31, 2026, in free reserves and/or share premium designated for the capitalization required to implement the bonus issue. These figures are audited.
Key details regarding the proposed bonus issue are summarized below:
| Particulars | Detail |
|---|---|
| Type of Securities Proposed | Equity shares with a face value of ₹10 each. |
| Type of Issuance | Bonus issue. |
| Total Approximate Shares Issued | 51,99,637 equity shares amounting to ₹5,19,96,370/-. |
| Source of Funds | Share premium account and/or capital redemption reserve account available as on March 31, 2026. |
| Bonus Ratio | 1:2 (One bonus equity share for every two existing shares). |
| Pre-Bonus Paid Up Capital | ₹10,39,92,750 (1,03,99,275 shares). |
| Post-Bonus Estimated Capital | ₹15,59,89,120 (1,55,98,912 shares). |
| Reserves Required for Bonus Issue | ₹5,19,96,370. |
The company indicated that the bonus shares would be credited to the respective demat account of the shareholders on or before September 3, 2026, subject to necessary formalities and approvals.
Stock Price Movement
As of 12:10, shares of Organic Recycling Systems Ltd are edging higher, trading at ₹246.90 after a solid increase of +6.74%. The stock navigated a wide intraday range, moving from a low of ₹231.05 to touch the current high at ₹246.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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