The board recommended issuance of Bonus Equity shares in proportion of 2:1 i.e. one new fully paid-up equity share for every 2 existing fully paid-up equity shares of the Company
SHILCTECH · price
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The board of Shilchar Technologies met on 21st April 2025 and approved audited FY25 results with an unmodified opinion from the statutory auditors. The board recommended a final dividend of Rs. 12.50 per share (125% on Rs. 10 face value), unchanged from the previous year. It also recommended a bonus issue in the ratio 2:1, meaning 1 new equity share for every 2 existing shares, to be funded by capitalising free reserves and subject to shareholder approval via postal ballot. Post-bonus paid-up share capital will rise from 76,26,800 shares to 1,14,40,200 shares (a 50% increase), with bonus shares expected to be credited by 20th June 2025. The company also reported strong FY25 financials, with revenue rising to Rs. 33,920.09 lakhs from Rs. 20,196.15 lakhs in FY24 (~68% growth) and profit before tax of Rs. 19,736.91 lakhs versus Rs. 12,332.47 lakhs.
Positive for shareholders as the 50% bonus issue is free of cost and the dividend is maintained at last year's level. The sharp revenue and profit growth signals a healthy business, though the share price will typically adjust downward post-bonus to reflect the higher share count. The record date for the bonus will be announced separately.