Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Submission of Postal Ballot Notice.
Awaiting price reaction for this filing.
Hindusthan Insulators & Industries Ltd has issued a Postal Ballot Notice seeking shareholder approval to issue bonus equity shares in a 2:1 ratio (2 new shares for every 1 existing share held). The company proposes to capitalize Rs 2.89 crore from its Capital Redemption Reserve and/or General Reserves to issue up to 1.44 crore bonus shares of Rs 2 each. If approved, the total paid-up equity share capital will increase to Rs 4.33 crore comprising 2.16 crore shares of Rs 2 face value. E-voting will run from June 2, 2026 (9:00 AM) to July 1, 2026 (5:00 PM), with May 29, 2026 as the cut-off date. The Board had recommended this on May 27, 2026. Notably, the company had also recently executed a 5-for-1 stock split (from Rs 10 to Rs 2 face value) effective March 14, 2026, aimed at improving liquidity and affordability for retail investors.
This is a value-neutral action for existing shareholders as it does not change the company's overall value or the shareholder's proportional ownership. Combined with the recent stock split, it should improve liquidity and broaden the shareholder base. The share price will likely adjust downward on the ex-bonus date in proportion to the bonus ratio, so short-term traders should factor this in.