Announced Thu, 5 Nov, 2026 · 11:20 IST
Board recommends 6:1 bonus issue for eligible public shareholders
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The board recommended a 6:1 bonus issue: six free shares of Rs 2 each for every existing share held by eligible public shareholders, excluding promoters. The record date is yet to be stated. Shareholders will vote at an extraordinary meeting on 7 December 2026. The bonus is expected to use Rs 3 lakh of free reserves.
Likely market impact
The bonus could improve public holding and trading liquidity, but it adds no cash value and requires shareholder approval.