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