Avenique bonus issue: 6:1 for public shareholders, EGM on 07 December

• Type of action: Recommended bonus issue of equity shares (subject to approval of the Members of the Company)
• Bonus ratio: 6:1, i.e. 6 (Six) bonus equity shares of Rs. 2/- each for every 1 (One) fully paid-up equity share
• Eligible holders: Public shareholders (except Promoter and Promoter Group) as on the record date
• Face value: Rs. 2/- (Rupees Two Only) per equity share
• Source of bonus shares: Capitalization of free reserves, subject to approval of the Shareholders (Annexure-I, Sr. No. 1)
• Pre-bonus paid-up share capital: 5,00,000 equity shares of face value Rs. 2/- each aggregating to Rs. 10,00,000/- (Annexure-I, Sr. No. 3)
• Post-bonus paid-up share capital (as on date): 6,50,000 equity shares of face value Rs. 2/- each aggregating to Rs. 13,00,000/- (Annexure-I, Sr. No. 3)
• Free reserves required for implementing the bonus: Rs. 3,00,000, with the actual amount to be determined based on the paid-up share capital as on the record date (Annexure-I, Sr. No. 4)
• Free reserves available for capitalization: Free reserves of Rs 3.32 cr as on 31.03.2026 (Annexure-I, Sr. No. 5)
• Audit status of figures: The company has stated "Yes" to the figures being audited (Annexure-I, Sr. No. 6)
• Estimated date for credit/dispatch of bonus shares: Within two months from the date of the Board Meeting i.e. on or before January 04, 2027 (Annexure-I, Sr. No. 7)

The bonus shares are proposed only for public shareholders, excluding the Promoter and Promoter Group, who hold fully paid-up equity shares of Rs. 2/- each as on the record date. The record date itself is not specified in the outcome letter or Annexure-I. The company states that the issuance will be "for every 1 (One) existing fully paid-up Equity Share of Rs. 2/- (Rupees Two Only) to the eligible public shareholders other than promoter and promoter group of the Company as on record date."

Investors should note that until the record date is announced separately, the exact cut-off date for eligibility remains pending.

In item 2 of the board's outcome letter, Avenique states that it will seek shareholder approval for the bonus issue at an Extra-Ordinary General Meeting:

• EGM date: Monday, the 07th day of December, 2026
• Mode: Through video conferencing and/or other audio-visual means, in compliance with the Companies Act, 2013 and applicable MCA circulars
• Purpose: To seek Shareholders’ approval for the Bonus Issue

The company has also:

• Appointed Bigshare Services Private Limited as the Remote E-Voting Agency for resolutions proposed at the EGM.
• Appointed M/s. Kamlesh shah & Co., Practicing Company Secretaries, as Scrutinizer for conducting the e-voting process in a fair and transparent manner.

The notice of the EGM will be submitted to the stock exchange and the e-voting agency once it is emailed to eligible shareholders, according to the board's outcome letter.

In item 1 of the outcome letter, the company states that the bonus issue to public shareholders is recommended "in order to achieve compliance with the minimum public shareholding requirement mandated under rule 19A of the Securities Contracts (Regulation) Rules, 1957 read with regulation 38 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015".

The bonus issue remains a recommendation at this stage and will become effective only upon approval by the Members of the Company and completion of subsequent formalities, including fixation and announcement of the record date.