V Marc India Allots Bonus Shares and Enhances Borrowing Limits After Board Meeting
V Marc India Limited announced several significant corporate decisions following its Board meeting held on July 8, 2026. The company approved a bonus equity share allotment, appointed a new independent director, constituted a Risk Management Committee (RMC), and enhanced both its general borrowing limits and charge creation capacities.The Board meeting addressed the increase in paid-up equity share capital resulting from the bonus issue. A total of 12,21,03,480 Equity Shares of face value ₹10 each were allotted as fully paid up Bonus Equity Shares in a 5:1 ratio to eligible members whose names appeared in the Register of Members or List of Beneficial Owners on July 3, 2026.
The bonus equity shares shall hold parity with all existing fully paid up equity shares of the company. The company’s paid-up equity share capital structure changed as follows:
| Pre Allotment | Post Allotment | |
|---|---|---|
| Equity Shares (Rs. 10/- each) | 2,44,20,696 amounting to Rs. 24,42,06,960/- | 14,65,24,176 amounting to Rs. 1,46,52,41,760/- |
In matters of governance and management, Mrs. Neha Rastogi was appointed as an Additional Non-Executive Independent Woman Director effective from July 8, 2026. This appointment is subject to approval by the shareholders at the subsequent General Meeting of the Company.
The Board also approved the immediate constitution of a Risk Management Committee (RMC). The RMC comprises:
| Designation | Name |
|---|---|
| Chairperson | Mr. Deepak Prabhakar Tikle (Executive Director) |
| Member | Dr. Shailesh Kumar Agrawal (Independent Director) |
| Member | Mrs. Neha Rastogi (Independent Director) |
| Member | Mr. Divya Kiran Bansal (Chief Financial Officer) |
Furthermore, the Board approved a revision of remuneration for Managing Director Mr. Vikas Garg and Executive Director Mr. Deepak Prabhakar Tikle, pending approval by shareholders at the forthcoming General Meeting.
Two key financial enhancements were also approved, subject to shareholder ratification at the ensuing Annual General Meeting:
1. Borrowing Limits: The company’s borrowing limits under Section 180(1)(c) of the Companies Act, 2013, were enhanced from ₹600 Crores to ₹800 Crores.
2. Charge Creation Limits: The limit for creation of charge, mortgage, hypothecation or other security on the Company's movable and immovable properties in favor of banks, financial institutions, lenders, and other security holders was increased from ₹600 Crores to ₹800 Crores under Section 180(1)(a) of the Companies Act, 2013.
VMARCIND Stock Price Movement
As of 2:36 PM, shares of V Marc India Limited are slipping in live trading, shedding ₹22.85 or 7.88% from the previous close and currently hovering at ₹267.00. The stock has seen a total traded volume of 196,500 shares as it trades down within its current intraday range.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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