Outcome of Board of directors meeting held on Monday 25th August, 2025 to approve allotment of 21867000 Bonus shares.
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The Board of Bemco Hydraulics Ltd, at its meeting on 25 August 2025, approved the allotment of 2,18,67,000 fully paid-up equity bonus shares of Rs 1 each. These were issued in a 1:1 ratio, meaning every shareholder received one new share for each share held, with the record date set as 22 August 2025. As a result, the company's paid-up equity share capital has doubled from Rs 2,18,67,000 (2,18,67,000 shares) to Rs 4,37,34,000 (4,37,34,000 shares). The new shares will carry the same rights as existing equity shares. The board meeting lasted just 30 minutes, from 9:30 AM to 10:00 AM.
Eligible shareholders will see their shareholding double at no extra cost, though the stock price is likely to adjust downward on an ex-bonus basis to reflect the increased share count. The company's overall valuation remains unchanged, but liquidity in the stock should improve due to the larger float.