Siyaram allots bonus preference shares under NCLT approved scheme
SIYSIL · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.9 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Siyaram Silk Mills allotted 18.14 crore Series I and 13.61 crore Series II 9 percent cumulative non-convertible redeemable preference shares (face value Rs 10) as bonus. NCLT Mumbai approved the Scheme of Arrangement on July 21, 2026. Ratio: 4 Series I plus 3 Series II for every 1 equity share. Series I redeemable by Aug 2029, Series II by Aug 2031. Record date Aug 22, 2026. Listing applied for on BSE and NSE.
Equity holders get bonus preference shares paying 9 percent cumulative dividend. Capital structure expands; stock listing to follow.