Sharda Motor Industries Limited has informed the Exchange that Record date for the purpose of Bonus is 04-Jul-2025.
SHARDAMOTR · price
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Sharda Motor Industries has fixed Friday, July 4, 2025 as the record date for its 1:1 bonus issue (1 bonus share for every 1 existing share). The company will allot 2.87 crore equity shares of ₹2 each, doubling the share count. Shareholders had already approved the bonus via postal ballot on June 25, 2025, and BSE/NSE in-principle approvals were received on June 25 and June 27 respectively. The deemed date of allotment is July 7, 2025, and bonus shares are expected to start trading on July 8, 2025.
Investors holding shares as of July 4, 2025 will receive one additional share for each share held, effectively doubling their share count. While this increases liquidity, the share price typically adjusts downward proportionally on ex-date, so the underlying value of the holding remains largely unchanged in the short term.