SHILCTECH · price
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Awaiting price reaction for this filing.
Shilchar Technologies' Allotment Committee approved the issue of 38,13,400 bonus equity shares of Rs. 10 face value in a 1:2 ratio (1 bonus share for every 2 shares held). The record date for eligibility was 6th June 2025. As a result, the company's paid-up equity capital has increased from Rs. 7.63 crore (76.27 lakh shares) to Rs. 11.44 crore (1.14 crore shares). The new shares will rank equally with existing shares in all respects.
Shareholders on the record date will receive additional shares at no cost, increasing their share count by 50%. The stock price is expected to adjust downward proportionally on the ex-bonus date, keeping the overall investment value unchanged. This signals management's confidence and rewards loyal shareholders.