The Board of Directors of the Company at their meeting held today i.e. Thursday, 5th June has allotted 2,31,66,300 Equity Shares of Face Value Rs. 10 each as fully paid up bonus equity shares.
SAHLIBHFI · price
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Shalibhadra Finance Ltd has allotted 2,31,66,300 bonus equity shares of face value Rs. 10 each in the ratio of 3:1 (3 bonus shares for every 1 existing share). The record date for the bonus issue was 4th June, 2025. Following this allotment, the company's paid-up equity share capital has increased from Rs. 7.72 crore (77,22,100 shares) to Rs. 30.89 crore (3,08,88,400 shares), effectively quadrupling the share base. The board meeting concluded the decision in just 20 minutes (10:00 a.m. to 10:20 a.m.) on 5th June, 2025.
This is a significant capitalisation event — shareholders receive 3 free shares for every 1 held, which will likely adjust the share price downward proportionally. While the company's overall value stays the same, the move signals confidence from the board in rewarding shareholders.