Sharda Motor Industries Limited has informed the Exchange regarding allotment of 28703853 securities pursuant to Bonus at its meeting held on July 07, 2025

Bonus Above 1to1Corporate Actions View source PDF Explain this filing

SHARDAMOTR · price

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Price reactionminutes from the announcement price · days from the prior close

+12.7%Reaction day

₹1052.80

prior close

₹1045.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+13.1% vs market

Auto Components & Equipments peers, median of 108sector-1.0%+13.7% vs sector

On the reaction day the stock moved 13.1 pts more than Nifty Microcap 250 and 13.7 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-1.2

15m

-0.6

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+12.7-0.5+13.1-1.0+13.7

Next day

+6.5-0.6+7.1-1.3+7.8

+2.1-0.1+2.2-0.6+2.7

+0.9+0.3+0.6-0.5+1.4

+0.4-0.2+0.7-1.2+1.7

-0.2-0.1-0.1-1.1+0.9

+3.3+1.6+1.8-0.4+3.7

15d

-1.5-2.5+1.0-2.6+1.1

-0.4-4.2+3.8-5.6+5.2

+0.6-2.6+3.1+0.1+0.5

+1.7-3.7+5.4+0.6+1.1

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 108Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sharda Motor Industries has allotted 2,87,03,853 fully paid-up bonus equity shares of face value ₹2 each to its shareholders. The bonus issue is in the ratio of 1:1, meaning one bonus share for every one existing share held. The record date for the bonus was July 4, 2025, and the board approved the allotment at its meeting on July 7, 2025. As a result, the company's paid-up equity share capital has doubled from ₹5,74,07,706 (2,87,03,853 shares) to ₹11,48,15,412 (5,74,07,706 shares). The new shares will rank pari-passu with existing shares, including eligibility for future dividends and corporate benefits.

Likely market impact

The 1:1 bonus issue doubles the number of shares held by each shareholder, though the overall value of holdings typically remains the same immediately after allotment. It signals management's confidence in the company's future and improves share liquidity, but may lead to a proportional fall in the share price on an adjusted basis.