Announced Mon, 24 Aug · 19:26 IST
Maestros Electronics board approves 1:1 bonus issue of 55.10 lakh shares
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.7%1-day move
₹160.50
prior close
₹164.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6-2.4-2.5-4.1-2.7-2.2-2.2-3.4-3.0-4.3+5.9———
Up moveDown movePending
AI summary
Board has approved a 1:1 bonus issue of 55,10,237 equity shares of Rs 10 each, doubling the share count from 55.10 lakh to 1.10 crore shares. The bonus will be issued by capitalizing Rs 5.51 crore from retained earnings, with Rs 3167.40 lakh available as on March 31, 2026. Pending AGM and regulatory approvals. Record date to be notified later. Bonus shares to be credited by October 23, 2026.
Likely market impact
Each shareholder gets one extra share for every share held. Share count doubles; stock price usually adjusts lower proportionally. Not a cash gain but adds liquidity.