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-principle approval from BSE for issuing bonus shares to its shareholders. The company proposes to allot up to 50,00,000 equity shares of Rs. 10 each in a 1:1 ratio, meaning one new fully paid-up equity share for every one existing share held. The approval was granted on June 18, 2025, and is subject to compliance with SEBI, RBI, MCA guidelines and other listing conditions. The allotment is subject to standard regulatory and procedural conditions from BSE.
This 1:1 bonus issue will double the number of outstanding shares held by existing shareholders, though the share price is expected to adjust downward proportionally. It signals management's confidence in the company's financial position and rewards existing shareholders, though it does not change the overall value of their holding.