Apis India Limited's Board of Directors of approved and recommended a bonus Share issue in the ratio of 24:1, meaning 24 new fully paid-up equity shares of ₹10 each for every 1 existing share. This proposal is subject to shareholders' approval. The paid-up share capital will increase from 55.1 lakh shares worth ₹5.51 crore to 13.7 crore shares worth ₹137.7 crore.