Reliance Industries Ltd (RIL) on Thursday said its board meeting is scheduled to be held on September 5, 2024, to consider the issue of bonus shares in the ratio of 1:1 to the Equity Shareholders of the Company by capitalisation of reserves.
“We wish to inform you that pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, September 5, 2024 to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the Equity Shareholders of the Company by capitalization of reserves,” RIL said in a BSE filing.
Prior to the 1:1 bonus issue in 2017, Reliance had in 2009 issued 1:1 bonus share.
A bonus issue, also known as a bonus share issue, occurs when a company distributes additional shares to its existing shareholders free of cost, based on the number of shares they already own. This is usually done in proportion to the shareholder’s current holdings, such as a 1:1 ratio where one additional share is given for each share held.
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