This Fintech Company Board Approves 1:1 Bonus Issue, Preferential Allotment of 12,87,20,205 Equity Shares and Entertainment Venture

DSIJ Intelligence-2 / 13 Sep 2025/ Categories: Bonus and Spilt Shares, Mindshare, Trending

This Fintech Company Board Approves 1:1 Bonus Issue, Preferential Allotment of 12,87,20,205 Equity Shares and Entertainment Venture

The stock price has given 25 per cent returns from its 52-week high.

MOS Utility Limited announced key outcomes from its Board of Directors meeting held. The company approved a 1:1 bonus share issue, a preferential allotment of equity shares, and a new initiative at its Bollywood Park entertainment facility.

The Board confirmed September 26, 2025, as the record date for its 1:1 bonus share issuance. Eligible shareholders will receive one fully paid-up bonus equity share for every share held. Each share carries a face value of Rs 2, with a total of 12,87,20,205 equity shares to be issued. The proposal had earlier received shareholder approval through e-voting at the Extraordinary General Meeting (EGM) held on July 7, 2025. Bonus issues are often seen as a shareholder-friendly move and can have an impact similar to dividend distributions.

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The Board also approved a preferential allotment of equity shares, other than cash, to facilitate the acquisition of additional shares in one or more subsidiary companies. This move aligns with the approval obtained from shareholders at the July 7, 2025, EGM. Preferential allotments are a common way for companies across Small-Cap, Mid-Cap, and Large-Cap segments to fund acquisitions or strengthen balance sheets.

As part of its entertainment division, the Board granted a No Objection Certificate (NOC) to M/s. StarCraft Manoranjan Pvt. Ltd. The NOC allows the company to use Bollywood Park premises for hosting an upcoming reality show, The Bollywood Park Show. The venture marks an expansion of the company’s business activities beyond its core operations.

Earlier, DigiAsia Corp. (NASDAQ: FAAS), a leading Indonesian fintech platform, and MOS Utility Limited, an Indian fintech innovator, announced an expanded strategic partnership focused on AI-powered branchless banking and financial inclusion innovation. This collaboration is set to accelerate financial inclusion across Indonesia and India, targeting a substantial $30+ billion opportunity.

Key Highlights of the Expanded Partnership:

  • Branchless Banking Expansion: The partnership will leverage MOS’s technology to scale DigiAsia’s branchless banking operations across Indonesia. The initiative aims to onboard over one million merchants to serve as financial service agents, thereby expanding access to financial services for underserved communities.
  • AI-Powered Tools Co-Development: DigiAsia and MOS are committed to co-developing advanced Artificial Intelligence capabilities to enhance efficiency and reach. These tools include:
  • AI Agent Performance Scoring: Predictive models designed to identify high-potential agents within the network.
  • Cash Management AI: Liquidity forecasting tools to mitigate cash shortages at the agent level, ensuring smoother operations.
  • AI Conversational Assistant: A multilingual voice and chat interface to support agents in guiding customers through various services, including payments, savings, and micro-loan applications.
  • Financial Inclusion Initiatives: The collaboration will roll out crucial financial inclusion services, such as cash collection, cash disbursal, consumer loan origination, and automated KYC processes, providing essential banking access to the underserved market.

Strategic Impact and Vision

This strategic partnership is expected to have a significant impact by offering inclusive access to financial services. It will expand these services to rural and semi-urban areas of Indonesia by empowering micro-merchants to act as branchless banking agents. Furthermore, the implementation of AI-based tools is projected to enhance operational efficiency, improve agent performance, reduce service disruptions, and ultimately enhance the customer experience in both Indonesia and India.

DigiAsia Corp. (NASDAQ: FAAS) is a prominent Indonesian fintech platform offering embedded finance, branchless banking, and digital payment solutions. Its core mission is to advance financial inclusion by empowering micro-merchants, SMEs, and consumers with accessible, digital-first financial services.

The stock price has given 25 per cent returns from its 52-week high.

Disclaimer: The article is for informational purposes only and not investment advice.