The members of the Company approved the issue of Bonus Shares in the ratio of 2:1 (One new fully paid-up equity share for every 2 existing fully paid-up equity shares) to the shareholders ....
SHILCTECH · price
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Shilchar Technologies has received shareholder approval (via postal ballot that closed on 22 May 2025) to issue bonus shares in a 2:1 ratio, meaning 1 new fully paid-up equity share of Rs. 10 each for every 2 existing shares held. The bonus will be issued out of free reserves as at 31 March 2025. Pre-bonus, the company has 76,26,800 equity shares (paid-up capital of Rs. 7.63 crore), which will increase to about 1,14,40,200 shares (Rs. 11.44 crore) after the bonus, requiring approximately Rs. 3.81 crore of reserves for capitalization. The company has healthy free reserves including Rs. 33.07 lakh in General Reserve and Rs. 33,723.36 lakh in Retained Earnings, all audited. The bonus shares are expected to be credited or dispatched to eligible shareholders on or before 20 June 2025, with the record date to be announced separately.
Eligible shareholders will receive 1 additional share for every 2 they currently own, increasing their share count by 50% without any cost, though the share price will adjust downward proportionally on the ex-date. The bonus signals management's confidence in the company's reserves and long-term growth, while improving share liquidity.