A company's board has approved a significant increase in its paid-up equity share capital. This change follows the allotment of bonus shares from its free reserves. The total value of these shares is substantial, amounting to ₹30 crore.

The company's existing equity share capital will see a notable rise as a result. Further details about this development are available.

New subsidiaries are also being formed, with the board approving the incorporation of three wholly owned subsidiaries. Their focus and activities are not specified in the available information.