Central Depository Services Limited (CDSL) informed the exchange that its shareholders have approved the bonus issue proposal.
What Happened: In an exchange filing, the company said that the proposal was passed by the shareholders during the 26th annual general meeting held on Saturday, August 17. A total of 4.75 crore votes were cast, out of which 97.43% were in favour of the proposal. 12.51 lakh votes were cast against the proposal.
See Also: Bajaj Housing Finance Eyes Up To ₹59,000 Cr Valuation for Stock Market Debut
The company will issue bonus shares to its shareholders in a 1:1 ratio, meaning for every share held, investors will receive an additional share. The record date for this bonus issue is Saturday, August 24. Shareholders must own the shares on this date to be eligible for the bonus issue.
This is the first time the company is issuing bonus shares to its shareholders.
During the meeting, the final and special dividends were also approved. The proposal was passed by a 99.99% vote. Only 678 were cast against the proposal. CDSL had announced a final dividend of ₹19 and a special dividend of ₹3.
Read Next: NBCC Sees Orderbook Expand To ₹81,000 Cr, Targets ₹1 Lakh Cr Mark By Year End
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.