The board has through circular resolution have fixed a record date for purpose of ascertaining the eligibility of shareholders entitled for sub-division and issue of bonus shares.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 0.5 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board has fixed Friday, October 3, 2025 as the record date for two corporate actions. First, a stock split (sub-division) where every 1 equity share of face value Rs. 10 will be split into 5 equity shares of face value Rs. 2 each. Second, a bonus issue at a 1:1 ratio, meaning 1 free share for every 1 share held (post split). Both actions are subject to shareholder approval at the AGM scheduled for September 30, 2025. In effect, each original share will become 10 shares of Re. 1 face value after both actions. The company has not announced any price ratio for the bonus – it is fully free shares against existing holdings.
Share count will multiply roughly 10-fold while face value adjusts down proportionally, so the share price is expected to adjust lower to reflect the split and bonus – overall shareholder value stays the same. However, lower per-share price usually improves liquidity and retail participation. Investors must hold shares by the October 3 record date to be eligible for both benefits.