CDSL to Issue Bonus Share in the Ratio of 1:1

In a major announcement, the Central Depository Services (India) Limited (CDSL) has declared the issuance of bonus shares in the ratio of 1:1. This means that shareholders will receive one additional equity share for each share they currently hold.

The decision was taken at the Board of Directors meeting held on July 2, 2024. The issuance of these bonus shares will be subject to the approval of shareholders, and the details regarding the "Record Date" for determining eligible shareholders will be announced in due course.

Key Highlights:

1. Type of Securities: The bonus shares will be equity shares with a face value of Rs. 10 each.
2. Bonus Ratio: The ratio of bonus issuance is 1:1.
3. Total Shares to be Issued: A total of 10,45,00,000 equity shares will be issued as bonus shares.
4. Source of Bonus Shares: The bonus shares will be issued from the capitalization of free reserves, including general reserves and retained earnings of the company.
5. Increase in Authorised Share Capital: To facilitate this issuance, the Board has approved an increase in the authorised share capital from Rs. 1,50,00,00,000 (Rupees One Hundred and Fifty Crores) divided into 15,00,00,000 equity shares of Rs. 10 each, to Rs. 3,00,00,00,000 (Rupees Three Hundred Crores) divided into 30,00,00,000 equity shares of Rs. 10 each.

The Board meeting, which commenced at 9:30 AM and concluded at 1:35 PM, also saw the alteration of the Memorandum of Association and Articles of Association to accommodate the bonus issuance.

Financial Snapshot:

• General Reserves: Rs. 10,94,93,000
• Retained Earnings: Rs. 10,47,89,01,000

The issuance of the bonus shares is aimed at rewarding the shareholders and increasing the liquidity of the company's stock. The bonus shares are expected to be credited or dispatched within two months from the date of Board approval, i.e., on or before September 1, 2024.

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Central Depository Services (India) Limited (CDSL)

Central Depository Services (India) Limited (CDSL), founded in 1999, provides convenient, dependable, and secure depository services. As a key part of the capital market structure, CDSL serves exchanges, clearing corporations, depository participants, issuers, and investors.

It facilitates holding securities in a digital form and enables securities transactions. With over two decades of experience, CDSL has dematerialized various asset classes and offers e-services, maintaining over 10.47 million investor accounts through 583 depository participants, and managing securities valued at approximately 5,77,96,491 million in demat custody.