2-for-1 bonus, Rs 2 interim dividend and higher Q2 profit
SBCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.6 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved two Rs 2 bonus shares for every existing share, subject to shareholder approval. It declared an interim dividend of Rs 2 per share, with November 13 as the record date. Consolidated Q2 revenue rose to Rs 197.79 crore from Rs 137.40 crore, and net profit increased to Rs 34.75 crore from Rs 24.85 crore. An EGM is scheduled for December 16.
The bonus triples share count without changing each holder's total value. Profit growth and dividend may support sentiment, but approval is pending.