That’s a very pertinent question. Yes, typically bonus shares would be issued by capitalising reserves, so cash flow statement should have no impact. I am intrigued!
Bonus was given in FY 2022-23 (Jan 2023) and not in FY 2023-24. Here’s what I found from the AR for 20223-23, though this still doesn’t explain the entry in the cash flow.
“
d) During the year, the Company allotted and distributed 1,83,22,200 (One Crore Eighty Three Lakhs Twenty-Two Thousand Two Hundred) Equity Shares of Rs. 10/- (Rupees Ten Only) each as bonus shares (hereinafter referred to as new shares) in the ratio 1170:1 on 31st January, 2023.
“
There is no mention of any bonus in the AR for FY 2023-24.
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