Best Agrolife announces stock split, bonus share issue to boost liquidity

Best Agrolife Limited's board of directors approved a sub-division of one equity share of face value INR 10 into ten equity shares of face value INR 1 each. This action aims to boost share liquidity and affordability, encouraging broader retail investor participation. The company expects to complete this by January 31, 2026, pending shareholder approval at an Extraordinary General Meeting (EGM).

In addition to the stock split, the board also approved a bonus equity share issue in a 1:2 ratio. This means one bonus equity share of INR 1 will be issued for every two existing equity shares of INR 1 each. This bonus issue also awaits shareholder approval at the EGM.

The total number of securities proposed to be issued is 12,99,42,450 equity shares, including those from outstanding convertible warrants. The bonus issue requires approximately INR 12,99,42,450 from free reserves and/or share premium. As of March 31, 2025, the company reported audited free reserves of INR 229.99 Crore and securities premium of INR 110.27 Crore.

An Extraordinary General Meeting is scheduled for Monday, December 29, 2025, at 12:30 PM (IST) via video conferencing to seek necessary approvals. The cut-off date for remote e-voting has been set for December 22, 2025.