Noida, India – February 5, 2025 – Redtape Limited (BSE: 543957, NSE: REDTAPE) has announced the allotment of 41,46,05,700 equity shares as fully paid-up bonus shares. The allotment was approved by the company's Board of Directors under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights of the Bonus Issue:
Bonus Ratio: 3:1 (Three new equity shares for every one existing share)
Face Value: ₹2 per share
Record Date: February 4, 2025
Total Post-Allotment Paid-Up Equity Capital: ₹110,56,15,200, divided into 55,28,07,600 equity shares of ₹2 each.
The Board Meeting concluded at 9:45 AM IST.
Implications for Shareholders
Eligible shareholders, as per the record date of February 4, 2025, will receive three fully paid-up equity shares for each share held. This move is expected to enhance liquidity and make Redtape’s stock more accessible to a wider investor base.
