Motherson Sumi Wiring India Limited has informed the Exchange regarding Notice of Postal Ballot
MSUMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Motherson Sumi Wiring India Limited has sent a Postal Ballot Notice to shareholders seeking approval for issuing bonus shares in a 1:2 ratio — 1 free equity share for every 2 shares held. The company will capitalize up to ₹221.05 crore from its free reserves (as on March 31, 2025) to fund this issuance. After the bonus, the total paid-up equity capital will rise to about ₹663.17 crore divided into shares of ₹1 face value each. The board approved this on May 29, 2025, to celebrate the 50th anniversary of the Motherson Group (founded 1975) and to reward shareholders on the back of strong FY25 financials. Shareholders can vote electronically from June 6, 2025 (9:00 AM) to July 5, 2025 (5:00 PM), with results expected by July 7, 2025.
If approved, eligible shareholders will receive 1 additional share for every 2 they own on the record date, boosting share count by 50%. This is a positive signal of shareholder reward and strong reserves, though the stock price typically adjusts downward on the ex-bonus date to reflect the increased share count.