Intimation of record date for Bonus issue
INVPRECQ · price
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Investment & Precision Castings Ltd has fixed Friday, 27 June 2025 as the record date to determine shareholders eligible for its upcoming bonus issue. The company is issuing bonus shares in a 1:1 ratio, meaning every shareholder will receive 1 additional equity share of Rs.10 each for every 1 existing share of Rs.10 held. The bonus was approved by shareholders at an Extra-ordinary General Meeting held on 13 June 2025. The deemed allotment date is Monday, 30 June 2025, and the bonus shares will be available for trading from Tuesday, 1 July 2025. The BSE scrip code for the equity shares is 504786.
Shareholders holding shares as of 27 June 2025 will see their share count double post-allotment. While the share price typically adjusts downward on the ex-date (keeping the total holding value largely neutral), this reflects management's confidence and rewards long-term holders with increased liquidity.