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 at a ratio of 1:1, meaning shareholders will receive 1 new equity share for every 1 equity share held. This will double the total number of outstanding equity shares of the company. The bonus issue is subject to shareholder approval and other regulatory requirements. The record date and other key timelines for eligibility will be communicated separately by the company.
On the ex-date, the share price typically adjusts downward by roughly half to reflect the doubled share count, so the overall value held by shareholders remains largely unchanged. Bonus issues are generally viewed as a positive signal of management confidence in the company's growth and financial health.