Autoriders International Hits 5% Upper Circuit As It Seeks Shareholder Nod for 5:1 Bonus Issue

Mumbai, October 9, 2025: Autoriders International Limited’s share price is seeing strong investor demand today, following the company’s announcement of a postal ballot seeking shareholder approval for a 5:1 bonus share issue. As of 12:20 p.m., the stock was locked at its upper circuit, up 5% or 166.55 points, trading at ₹3,498.45. The shares hit the upper circuit immediately at market open, trading within a range of ₹3,498.45. The traded volume stood at 1 crore shares, with the company’s market capitalisation at ₹193 crore. The stock has a 52-week high of ₹3,498.45 and a 52-week low of ₹149.90.

Autoriders International Limited, headquartered in Mumbai, Maharashtra, provides vehicle leasing, fleet management, and corporate mobility services under its “Rent-A-Car” brand. Established in 1985, the company’s shares are listed exclusively on the BSE under the code 512277.

Company Seeking Shareholder Nod for 5:1 Bonus Issue

The surge in Autoriders International Limited’s share price follows the company’s announcement of a postal ballot seeking shareholder approval for a 5:1 bonus share issue, under which five fully paid-up equity shares will be allotted for every one share held. The proposed bonus, funded from free reserves and retained earnings, amounts to ₹2.90 crore.

The record date for the bonus issue is yet to be announced and will be determined by the board. Shareholders can cast their votes electronically via NSDL between 9 October 2025 and 7 November 2025. Mr Kaushal Dalal, Partner at KDA & Associates, has been appointed as the scrutiniser, and the results are expected on or before 11 November 2025.

Improving Liquidity

Director Maneka Vijay Mulchandani stated in the postal ballot notice that the proposed bonus issue aims “to improve the liquidity of the Company’s shares in the stock market,” adding that the move reflects the company’s progressive operational performance and market growth.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/56631d9c-99eb-43d7-b633-5a9cd467cece.pdf

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