Dev Labtech Venture Bonus Issue
Dev Labtech Venture Ltd allotted 2,37,26,278 bonus shares in a 1:1 ratio. The move doubles the company's paid-up equity capital without raising additional funds.
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Dev Labtech Venture Ltd allotted 2,37,26,278 bonus shares in a 1:1 ratio. The move doubles the company's paid-up equity capital without raising additional funds.
Dev Labtech Venture Limited has fixed May 15, 2026, as the record date for a 1:2 stock split and a 1:1 bonus issue. Shares of face value Rs. 10 will split into two shares of Rs. 5 each, followed by the issuance of one bonus share for every one existing share held.
Dev Labtech Venture Limited received in-principle approval from BSE for the issuance of up to 2,37,26,278 bonus equity shares. The bonus will be issued in a 1:1 ratio, providing one free equity share for every existing share held. This capitalisation of reserves expands the company's equity base without requiring cash outflow from shareholders.