Dynamic Cables Limited has informed the Exchange that the Board of Directors at its meeting held on May 30, 2025, have considered and approved bonus at the ratio of 1 : 1, i.e 1 Equity Shares for every 1 Equity Shares held.
DYCL · price
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Dynamic Cables Limited's Board of Directors, at a meeting held on May 30, 2025, approved a bonus issue at a 1:1 ratio, meaning shareholders will receive 1 additional equity share for every 1 equity share held. This effectively doubles the number of shares held by existing shareholders. The record date and other key details for eligibility are yet to be announced. A bonus issue at this ratio is generally seen as a strong signal of the company's financial health and confidence in future earnings, since it involves capitalising reserves to issue new shares.
Shareholders' holdings will double in quantity, though the share price typically adjusts downward proportionally, leaving total value unchanged in the short term. Higher share liquidity and a lower per-share price may attract more retail participation.