
Bonus4 Jul 2026, 03:40 pm
Hardwyn India Shareholders Approve 2:5 Bonus Share Issue
AI Summary
Hardwyn India Ltd announced that its shareholders, at an Extra-Ordinary General Meeting (EGM) held on July 03, 2026, have approved the issuance of bonus equity shares. The bonus ratio is set at 2:5, meaning shareholders will receive two bonus equity shares for every five shares they hold. These bonus shares, with a face value of ₹1 each, will be fully paid-up and issued by capitalizing the company's free reserves or retained earnings. The record date for determining eligible shareholders will be announced subsequently. This move aims to reward shareholders and potentially increase the liquidity of the company's stock.
Key Highlights
- Shareholders approved a 2:5 bonus share issue.
- Two bonus shares for every five held.
- Bonus shares have a face value of ₹1 each.
- Capitalization of free reserves/retained earnings.
- Aims to reward shareholders and boost liquidity.
Price Impact
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