Roni Households to Consider Bonus Shares and Capital Increase in Upcoming Board Meeting
Team Finance Saathi
15/Feb/2025

What's covered under the Article:
- Board meeting on February 19, 2025, to discuss an increase in authorized share capital and subsequent Memorandum of Association amendments.
- Issuance of bonus shares to existing shareholders, subject to shareholder and regulatory approvals.
- Trading window closed from February 15, 2025, until 48 hours after the board meeting outcome.
Roni Households Limited, a Maharashtra-based company, has scheduled a Board of Directors meeting for February 19, 2025, to discuss several key corporate decisions. The meeting will focus on approving the increase in the Authorised Share Capital of the company, along with an alteration to the Memorandum of Association. These decisions will be subject to necessary regulatory and statutory approvals, including shareholder approval at an Extra-Ordinary General Meeting (EGM).
The board will also review and recommend the issuance of Bonus Shares to existing shareholders, contingent on regulatory approvals and shareholder consent at the EGM. The Bonus Share issue is expected to enhance the company’s shareholder value and broaden its equity base.
The company further plans to set the date, time, and venue for the EGM, along with the Notice for shareholders to grant approval on the proposed resolutions. The matters up for consideration are in line with Roni Households’ growth strategy and capital structure expansion.
In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has announced the closure of the trading window for all insiders of the company from February 15, 2025, and it will remain closed until 48 hours after the declaration of the outcome of the board meeting.
Roni Households Limited has requested the BSE Limited to record this announcement, ensuring full compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company aims to engage its stakeholders with transparency regarding key decisions that may impact its future operations and stock performance.
Harish Manohar Sirwani, the Chairman & Managing Director of Roni Households, continues to lead the company's strategy towards business growth and financial prudence. The outcomes of this meeting are expected to be closely watched by investors and market analysts.
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