Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bright Outdoor Media's board has approved a 5% dividend (Rs. 0.50 per share) for FY2024-25, subject to shareholder approval. The board also approved a bonus share issue in a 1:2 ratio (1 bonus share for every 2 held), to be issued from free reserves within 2 months. Authorized share capital is being increased from Rs. 15 crore to Rs. 22 crore to accommodate the bonus. For FY25, revenue from operations rose to Rs. 126.74 crore (from Rs. 106.68 crore in FY24), while profit after tax grew to Rs. 19.07 crore (from Rs. 16.04 crore). EPS stood at Rs. 13.11 versus Rs. 11.45 the previous year. The company also appointed a new internal auditor and a secretarial auditor for the next 5 years.
Shareholders will receive a modest cash dividend along with additional bonus shares, effectively increasing their holding by 50%. The combined distribution signals confidence in earnings but may lead to short-term price adjustment on the ex-date.