RCB sold for record $1.78 billion, RR for $1.63 billion
24 Mar 2026
R&B Denims Limited has announced the record date for its upcoming bonus equity share issue, setting April 3, 2026, as the cut-off date for determining eligible shareholders. The company communicated this decision to both BSE Limited and National Stock Exchange of India Limited on March 24, 2026, in compliance with Regulation 42 of SEBI LODR regulations.
Bonus Share Details
The textile company has structured the bonus issue in a 1:2 ratio, meaning shareholders will receive one bonus equity share for every two existing equity shares held. This corporate action aims to reward existing shareholders by increasing their shareholding without additional investment.
Parameter: Details Record Date: April 3, 2026 Bonus Ratio: 1:2 (1 bonus share for every 2 shares held) Allotment Date: April 6, 2026 Security Type: Equity shares
Timeline and Process
The company has established a clear timeline for the bonus share process. Following the record date of April 3, 2026, the deemed date of allotment has been scheduled for Monday, April 6, 2026. This three-day gap allows for proper processing and verification of eligible shareholders' records.
Regulatory Compliance
The announcement was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sujata Chirag Dudharejiya signed the official communication from the company's Surat office, ensuring all regulatory requirements are met.
Impact on Shareholders
Shareholders holding R&B Denims equity shares as of the record date will be entitled to receive the bonus shares. The 1:2 ratio means that for every 100 shares currently held, eligible shareholders will receive an additional 50 bonus shares, effectively increasing their total shareholding by 50 percent without any cash outflow.
R&B Denims Limited has moved forward with implementing its approved corporate restructuring by setting April 3, 2026, as the record date for share subdivision. This follows the successful completion of its Extraordinary General Meeting held on March 13, 2026, where shareholders overwhelmingly approved the capital structure changes.
Record Date Announcement and Implementation Details
The company formally notified BSE Limited on March 19, 2026, pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification, signed by Chairman and Managing Director Amit Dalmia, establishes the framework for the share subdivision process.
Parameter: Details Scrip Code: RNB DENIMS/538119 Security Type: Equity shares of Rs. 2 each fully paid up Record Date: April 3, 2026 Purpose: Share subdivision from Rs. 2 to Re. 1 each
EGM Proceedings and Shareholder Response
The EGM was conducted at the company's registered office in Surat, Gujarat, from 11:30 A.M. to 11:40 A.M., with 36 shareholders in attendance, including 17 from the promoter group and 19 public shareholders. Chairman and Managing Director Amit Dalmia presided over the proceedings, supported by key management personnel.
Designation: Name Chairman and Managing Director: Mr. Amit Dalmia Whole-Time Director: Mr. Nirmit Dalmia Whole-Time Director: Mr. Deepak Dalmia Chief Financial Officer: Mr. Parkin Khushmanbhai Jariwala Scrutinizer: Mr. Ranjit Binod Kejriwal (F6116)
Voting Results and Resolution Outcomes
The e-voting process conducted from March 10-12, 2026, demonstrated strong shareholder confidence across all three resolutions. Out of 43,332 total shareholders on the record date of March 6, 2026, significant participation was recorded with exceptional approval rates.
Resolution Details: Votes Polled Votes in Favour Approval Rate Share Subdivision: 46,597,571 46,569,728 99.94% Authorized Capital Increase: 46,598,121 46,575,046 99.95% Bonus Share Issue: 46,598,934 46,586,566 99.97%
Capital Structure Transformation
Following the EGM approval and MOA amendment, the company has implemented significant changes to its capital structure. The formal notification confirms the completion of all regulatory requirements for the restructuring process.
Parameter: Earlier Structure Amended Structure Authorized Capital: Rs. 25.50 crores Rs. 30.00 crores Number of Shares: 12.75 crores 30.00 crores Face Value per Share: Rs. 2.00 Re. 1.00
Regulatory Compliance and Next Steps
The proceedings were conducted in strict accordance with Regulation 30 read with Para A of Part A of Schedule III of SEBI regulations. The scrutinizer's report confirmed that all resolutions were duly passed with requisite majority, and the e-voting process was facilitated by National Securities Depository Limited (NSDL). With the record date now established, shareholders holding equity shares as of April 3, 2026, will be eligible for the subdivision benefits.
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