Abate AS Industries Limited's Board approved a 1:1 bonus issue, distributing 7,88,03,228 new shares worth ₹78.80 crore. This will double the paid-up capital to ₹157.61 crore, subject to shareholder approval. The stock has surged 43.8% from its 52-week low and delivered over 700% returns in five years, reflecting strong investor confidence.