Choice International proposes 1:1 bonus issue; record date to be decided

• Type of action: Bonus issue of equity shares
• Bonus ratio: 1:1
• Face value: Rs 10/- per equity share
• Entitlement: "1 Equity Shares of Rs 10/- each for every 1 Equity Share of Rs 10/- each held" (as stated in the board's outcome letter, point 2)
• Eligibility: Shareholders whose names appear on the Company’s register/beneficial owners list as on the Record Date (to be intimated/determined later by the Board)
• Approvals: Subject to approval of shareholders and other applicable statutory and regulatory approvals, as may be required

In the outcome of Board meeting communication dated November 02, 2026 (Ref: CIL/CC/59/2026-2027), the Company states that the Board has:

1. "Considered and approved the Bonus Issue of Equity Shares in the ratio of 1:1 i.e., 1 Equity Shares of Rs 10/- each for every 1 Equity Share of Rs 10/- each held by the shareholders of the Company as on the Record Date (to be intimated in due course), subject to the approval of shareholders of the Company."
2. "Considered and approved the Increase in the Authorized Share Capital of the Company from Rs 225,00,00,000/- (Rupees Two hundred and Twenty Five Crores), divided into 22,50,00,000 (Twenty Two Crore Fifty Lakh) Equity Shares of Rs 10/- (Rupees ten only) each to Rs 447,80,00,000/- (Rupees Four Hundred and Forty Seven Crores Eighty Lakh only), divided into 44,78,00,000 (Forty Four Crore Seventy Eight Lakh) Equity Shares of Rs 10/- (Rupees Ten only) each, pursuant to approval of Bonus Issue and consequential alteration to the Capital Clause of the Memorandum of Association."
3. Approved the draft notice of the 1st Extra Ordinary General Meeting for the financial year 2026-27 for increasing the authorised share capital and issuance of bonus shares.

The notes to the consolidated financial results (Note 13 on page 6) reiterate that:

"The Board of Directors of the Company, at its meeting held on November 02, 2026, has considered and recommended for the issue of bonus equity shares to the existing shareholders of the Company, subject to the approval of shareholders and other applicable statutory and regulatory approvals, as may be required. The proposed bonus shares shall be issued in the ratio of [1:1], i.e., one new fully paid-up equity share of Rs. 10 each for every one existing fully paid-up equity share of Rs. 10 each held by the eligible shareholders as on the Record Date to be determined by the Board of Directors."

The same language appears in Note 10 to the standalone financial results (page 13), confirming the proposed ratio and that the record date will be determined by the Board.

• Investors will be eligible for the bonus shares if they hold fully paid-up equity shares of Choice International Ltd on the Record Date.
• The Record Date is described in the board's outcome letter as "to be intimated in due course" and in the notes as "to be determined by the Board of Directors". No specific calendar date is mentioned in the filing.

• Board approval of proposal: November 02, 2026 (Board meeting commenced at 03.30 P.M. and concluded at 6:00 P.M., as stated in the outcome letter).
• Next steps:
  • Dispatch and shareholder consideration of the notice for the 1st Extra Ordinary General Meeting for the financial year 2026-27 to approve the increase in authorised share capital and the bonus issue.
  • Determination and stock exchange intimation of the Record Date for the bonus issue.

The filings do not state any further specific dates for the EGM, ex-bonus date, credit of bonus shares, or listing of the bonus shares.

The company has not provided a detailed narrative rationale within these documents beyond the formal resolutions. Where the bonus issue is referenced (in the board's outcome letter and in Notes 10 and 13 to the standalone and consolidated financial results), it is described as being subject to shareholder and regulatory approvals, with no additional commentary on objectives in these particular texts.