⚡ Flash Summary
Bunny’s Limited held its Annual General Meeting on October 28, 2025, where shareholders approved the subdivision of the company’s shares. The face value of each ordinary share will be reduced from Rupees 10 to Rupee 1, resulting in a ten-fold increase in the number of shares. This subdivision impacts both the authorized and issued/subscribed/paid-up capital of the company. The change necessitates amendments to the Memorandum and Articles of Association to reflect the new share structure.
📌 Key Takeaways
- ✅ AGM held on October 28, 2025.
- ✨ Share face value reduced from Rs. 10 to Rs. 1.
- ➗ Each share subdivided into 10 shares.
- 💰 No change in rights/privileges attached to shares.
- 🏦 Authorized Capital subdivided from 100,000,000 shares (Rs. 10 each) to 1,000,000,000 shares (Re. 1 each).
- 📈 Issued/subscribed/paid-up Capital subdivided from 66,805,270 shares (Rs. 10 each) to 668,052,700 shares (Re. 1 each).
- 📜 Amendments required in Memorandum and Articles of Association.
- 💼 Resolutions passed under Section 85(1)(c) of the Companies Act, 2017.
- 🏢 Meeting held at the registered office of the Company.
- 🗣️ AGM conducted physically and via video link.
🎯 Investment Thesis
HOLD. The share subdivision is a neutral event from a fundamental perspective. While it may improve liquidity and accessibility for retail investors, it does not change the underlying value or prospects of Bunny’s Limited. Therefore, maintaining a HOLD rating is appropriate until there are significant developments in the company’s operational or financial performance. The price target remains unchanged, pending further analysis of the company’s financials and market conditions. Time horizon is medium-term.
Disclaimer: AI-generated analysis. Not financial advice.