company received in principal approval from BSE about bonus issue of shares.
INVPRECQ · price
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Investment & Precision Castings Ltd has received in-principal approval from BSE for a bonus issue of 50,00,000 equity shares of Rs. 10 face value each. The bonus will be issued in a 1:1 ratio, meaning every shareholder will get 1 new fully paid-up share for every 1 share they currently hold, effectively doubling their share count. The approval was granted on June 18, 2025, and the intimation was made to BSE under SEBI LODR regulations. The chairman and managing director, Mr. Piyush I Tamboli, signed the disclosure.
Shareholders will see their share count double once the bonus shares are allotted, though the share price typically adjusts downward by roughly half on the ex-date, keeping overall value neutral. A 1:1 bonus is a generous capital event and signals management's confidence in the company's financial position, though it also indicates the company may be retaining profits rather than paying cash dividends.