Board has proposed to approve the bonus issue of equity shares in a ratio of 1:3 subject to requisite approvals.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sayaji Industries Ltd's board has proposed a bonus issue of equity shares in the ratio of 1:3, meaning shareholders will receive 1 additional share for every 3 shares held. The proposal is subject to necessary regulatory and shareholder approvals. A bonus issue rewards existing shareholders by increasing their share count at no extra cost, though the share price typically adjusts downward on the ex-date to reflect the higher number of outstanding shares. The exact record date and ex-date will be announced once approvals are secured.
Mildly positive for shareholders as it signals management confidence in the business and improves share liquidity. The stock price usually drops proportionally on the ex-date, so total holdings value remains largely unchanged immediately after the issue.