Meghna Infracon Declares 1:1 Bonus, Sets Record Date for Shareholder Eligibility

Meghna Infracon Infrastructure Limited (BSE: 538668, MIIL) has announced a bonus issue of equity shares in a 1:1 ratio. This means eligible shareholders will receive one new bonus equity share of ₹10 each for every one existing fully paid-up equity share of ₹10 each held by them. The company's Board of Directors has fixed Tuesday, July 08, 2025, as the record date to determine the shareholders entitled to receive these bonus shares. This corporate action follows the approval received from the company's members.

Detailed Analysis of the Bonus Issue

Meghna Infracon Infrastructure Limited, in its communication dated June 18, 2025, informed the stock exchange about the bonus share issuance. The members of the company had previously approved this bonus issue at a meeting held on June 13, 2025. The bonus shares, once distributed, will be treated as an increase in the paid-up capital of the company.

The Board of Directors, subsequent to shareholder approval, finalized July 08, 2025, as the record date. This date is crucial for determining the eligibility of shareholders for the allotment of bonus shares. Shareholders whose names appear in the Register of Members of the company as of this record date will be entitled to receive the bonus shares in the specified 1:1 ratio.

Capitalization of Reserves

The bonus shares will be issued through the capitalization of the company's accumulated reserves. As per the announcement, this capitalization will utilize funds from the Securities Premium Account, Free Reserves, or any other permitted reserves/surplus of the company. This process involves converting these reserves into equity share capital, thereby issuing new shares to existing shareholders without any additional payment from them.

Each bonus share will have a face value of ₹10 (Rupees Ten Only) and will be credited as fully paid-up. This effectively doubles the number of shares held by each eligible shareholder, although the intrinsic value of their total holding may not change immediately, as the market price per share typically adjusts post-bonus issue.

Parity and Distribution

The company has confirmed that the fully paid-up bonus shares will be distributed to the members whose names appear on the Register of Members as on July 08, 2025. Importantly, these newly allotted bonus shares will rank pari-passu in all respects with the existing fully paid-up equity shares of the company as of July 08, 2025. This means the bonus shares will carry the same rights and privileges as existing shares, including rights to dividends, voting, and other corporate benefits, from the date they become part of the existing class of equity shares.

Regulatory Compliance

This intimation of the record date for the bonus issue is made in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. Meghna Infracon Infrastructure Limited (CIN: L68100MH2007PLC175208) is ensuring adherence to the stipulated regulatory framework for such corporate actions.

Impact on Shareholders and Market Considerations

A bonus issue is generally perceived positively by the market and shareholders for several reasons:

• Increased Liquidity: By increasing the number of shares outstanding, a bonus issue can enhance the liquidity of the company's stock in the market, making it easier for investors to buy and sell shares.
• Affordability: While the overall value of an investor's holding remains the same immediately after a bonus issue (as the market price per share typically adjusts downwards proportionally), the lower per-share price can make the stock appear more affordable to retail investors.
• Signal of Confidence: Companies often issue bonus shares when they have accumulated substantial profits and are confident about their future earnings potential. It can be seen as a way to reward shareholders and share the company's prosperity.
• No Cash Outflow for Company: Unlike dividends, a bonus issue does not involve any cash outflow from the company, as it is merely a capitalization of existing reserves.

Shareholders of Meghna Infracon Infrastructure Limited should note the record date of July 08, 2025, to ensure their holdings are recorded appropriately to be eligible for the 1:1 bonus shares. The ex-bonus date, which typically precedes the record date, will also be a key date for investors trading the stock.

The company, formerly known as Naysaa Securities Ltd., operates in the infrastructure sector. This bonus issue represents a significant corporate development for its shareholders.