Dynamic Cables Limited has informed the Exchange about Allotment of Securities pursuant to Bonus Issue.
DYCL · price
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Dynamic Cables Limited has allotted 2,42,29,319 bonus equity shares to eligible shareholders in a 1:1 ratio (1 free share for every 1 held). This doubles the total paid-up equity share capital from Rs. 24.23 crore (2,42,29,319 shares) to Rs. 48.46 crore (4,84,58,638 shares) at Rs. 10 per share. The record date for the bonus issue was July 11, 2025, and the Board approved the allotment at its meeting on July 14, 2025. The new shares will carry the same rights as existing equity shares.
Shareholders receive one additional share for every share held, effectively doubling their share count without any cost. While the share price typically adjusts downward proportionally post-allotment, the overall value of holdings remains unchanged. The expansion of share capital may improve liquidity and broaden the retail shareholder base.