Please find attached intimation regarding Allotment of Bonus Share.
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SAL Automotive Ltd's Board of Directors, at a meeting held on April 4, 2025, allotted 23,97,713 fully paid-up bonus equity shares of face value ₹10 each. The bonus was issued in a 1:1 ratio, meaning one new bonus share for every one existing share held by shareholders as on the record date of April 3, 2025. Consequently, the company's paid-up equity share capital has doubled from 23,97,713 shares (₹2.39 crore) to 47,95,426 shares (₹4.79 crore). The newly allotted shares will rank pari-passu with existing shares, carrying identical rights including dividend entitlement. The bonus shares are credited to eligible demat accounts.
Existing shareholders will see their share count double, though the share price typically adjusts downward by roughly half on ex-bonus date, keeping total portfolio value broadly unchanged immediately after allotment. The expanded share base may improve liquidity and make the stock more affordable for retail buyers going forward.