Dharti Proteins bonus issue: 1:1 for public shareholders, issue by 13 Dec

• Type of action: Recommended bonus issue of equity shares
• Bonus ratio: 1:1 – “1 (One) bonus equity share of Rs. 10/- each for every 1 (One) fully paid-up equity shares held by public shareholders (except Promoter and Promoter Group)” (board’s outcome letter and Annexure – II)
• Face value: Rs. 10/- per equity share
• Eligibility: Only public shareholders (except Promoter and Promoter Group) holding fully paid-up equity shares as on the record date will receive bonus shares (board’s outcome letter and Annexure – II)
• Pre-bonus paid-up share capital (as on date): 5,00,000 equity shares of face value Rs. 10/- each, aggregating to Rs. 50,00,000/- (Annexure – II, “Details of share capital - pre and post bonus issue”)
• Post-bonus paid-up share capital (as on date): 5,75,000 equity shares of face value Rs. 10/- each, aggregating to Rs. 57,50,000/- (Annexure – II)
• Source of bonus shares: Capitalisation of free reserves – “The issuance of bonus shares shall be from capitalization of free reserves subject to the approval of the Shareholders.” (Annexure – II)
• Free reserves required for implementing the bonus issue: Rs. 7,50,000 (Annexure – II)
• Free reserves available for capitalization: Free reserves of Rs 9.34 lakh as on 30.09.2026 (Annexure – II)
• Whether figures are audited: Yes (Annexure – II)
• Estimated completion date for credit/dispatch of bonus shares: “Within two months from the date of the Board Meeting i.e. on or before December 13, 2026” (Annexure – II)

The record date for determining which public shareholders will receive the bonus shares is not stated in the outcome letter or Annexure – II.

The board has, however, approved the process to seek shareholder approval:

• The board has approved a Notice calling the Extra-Ordinary General Meeting of members to be held on Friday, the 06th day of November, 2026, through video conferencing and/or other audio-visual means, “to seek Shareholders’ approval for Bonus Issue;” (board’s outcome letter, point 5).
• The company has appointed Bigshare Services Private Limited as the Remote E-Voting Agency for resolutions proposed at the Extra Ordinary General Meeting (board’s outcome letter, point 6).
• M/s. Dharti Patel & Associates, Practicing Company Secretaries, have been appointed as Scrutinizer for conducting the e-voting process (board’s outcome letter, point 7).

The company states in Annexure – II that the bonus shares would be credited/dispatched within two months from the date of the Board Meeting i.e. on or before December 13, 2026. The exact record date will be specified separately and communicated in due course.

In point 2 of the board’s outcome letter, Dharti Proteins says the bonus issue is being 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”, and that it is only for public shareholders (except Promoter and Promoter Group) as on the record date.

According to the board’s outcome letter and Annexure – II:

• Only public shareholders holding fully paid-up equity shares of Rs. 10/- each as on the record date (to be announced) will be eligible.
• For every 1 such share held on the record date, an eligible shareholder would receive 1 additional fully paid-up equity share of Rs. 10/-.
• Promoter and Promoter Group shareholders are explicitly excluded from receiving bonus shares under this proposal.

The company has stated that the notice of the Extra Ordinary General Meeting will be submitted to the stock exchange and the e-voting agency “as soon as the same will be emailed to the eligible Shareholders.” (board’s outcome letter).