Receipt of In Principle approval from BSE Limited for Bonus Issue of 92,45,000 equity shares

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Price reactionminutes from the announcement price · days from the prior close

-2.1%Reaction day

₹13.17

prior close

₹13.16

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.0% vs market

Trading & Distributors peers, median of 126sector-0.0%-2.0% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.0 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.3

15m

-2.7

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1-0.1-2.0-0.0-2.0

Next day

+0.5+0.7-0.2-0.0+0.5

-1.2+1.2-2.4+0.0-1.2

+0.0+1.9-1.9+0.0+0.0

+0.8+1.6-0.9+0.1+0.7

+2.3+2.0+0.3+0.5+1.8

+22.8+0.9+21.8+0.0+22.8

15d

-0.5-1.4+0.9-2.0+1.5

-5.0-1.6-3.4-1.4-3.7

-15.8-0.7-15.1-3.6-12.2

-24.2-6.0-18.3-12.1-12.2

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 126Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Chandra Prabhu International Ltd has received in-principle approval from BSE for issuing up to 92,45,000 bonus equity shares of Rs. 2 each. The bonus will be issued in the ratio of 1 new share for every 2 existing shares held (1:2). The company still needs shareholder approval and other regulatory clearances before the bonus shares can be allotted. The record date for determining eligible shareholders will be announced separately.

Likely market impact

This is a positive development for shareholders as bonus shares will increase their holdings once allotted. However, the ratio of 1:2 is moderate and bonus issues typically dilute earnings per share without changing the company's overall valuation.