Overview
- Shareholders receive two additional shares for every one held in a 2:1 bonus that preserves proportional ownership and keeps the face value unchanged.
- The stock opened at about Rs 510 versus a prior NSE close near Rs 1,475, a roughly 65% optical fall tied to the ex-bonus adjustment.
- Adjusted for the higher share count, the opening price implied a gain of about 3.9%.
- The bonus shares are being issued by capitalising reserves including the capital redemption reserve, securities premium, free reserves or retained earnings, with an estimated cost of Rs 106.11 crore.
- Paid-up capital rises from Rs 53.05 crore to Rs 159.16 crore, while the board has recommended lifting authorised share capital from Rs 100 crore to Rs 300 crore subject to shareholder and regulatory approvals.