Sharda Motor Industries Limited has informed the Exchange that the Board of Directors at its meeting held on May 24, 2025, have considered and approved bonus at the ratio of 1 : 1, i.e 1 Equity Shares for every 1 Equity Shares held.
SHARDAMOTR · price
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The Board of Directors of Sharda Motor Industries Limited, at its meeting held on May 24, 2025, approved a bonus issue in the ratio of 1:1, meaning shareholders will receive 1 additional equity share for every 1 equity share held. This effectively doubles the total number of outstanding shares. The bonus shares will be issued out of the company's reserves and securities premium, subject to shareholder and regulatory approvals. The record date and other key dates are expected to be announced separately by the company.
While the bonus issue increases share count and reduces the per-share price proportionally, it does not change the overall value of a shareholder's investment. It improves liquidity and affordability of the stock and is generally viewed as a positive signal of the company's financial health and management confidence.