Motherson Sumi Wiring India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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Motherson Sumi Wiring India Limited has announced the results of its Postal Ballot for the issue of bonus shares in the ratio of 1:2, meaning 1 bonus equity share of Re. 1 each for every 2 existing equity shares held. The resolution was passed with overwhelming shareholder support, with 98.64% of votes cast in favour (369.90 crore votes in favour vs 5.09 crore against). Promoters voted 100% in favour, while public institutions approved it with 94.98% support. Voting was conducted electronically from June 6 to July 5, 2025, with 84.82% of total outstanding shares participating in the poll.
Shareholders will receive 1 additional share for every 2 shares they hold, increasing the total share count by 50%. The share price will adjust downward proportionally on the ex-bonus date, while total shareholder value remains unchanged. This is generally viewed positively as it improves share liquidity and signals management's confidence in the company's future earnings.