Reservation for convertible debt holders required when issuing bonus shares; reserved equity issued at conversion on identical terms. Issuers making a bonus issue must reserve equity shares of the same class for holders of outstanding compulsorily convertible debt instruments in proportion to the convertible part; reserved shares must be issued at conversion on the same terms or in the same proportion as the bonus shares.
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Provisions expressly mentioned in the judgment/order text.
Reservation for convertible debt holders required when issuing bonus shares; reserved equity issued at conversion on identical terms.
Issuers making a bonus issue must reserve equity shares of the same class for holders of outstanding compulsorily convertible debt instruments in proportion to the convertible part; reserved shares must be issued at conversion on the same terms or in the same proportion as the bonus shares.
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