Shivalik Bimetal Approves 2:1 Bonus Issue & ₹2 Dividend

Shivalik Bimetal Controls Ltd's Board of Directors has approved a significant bonus issue of equity shares in a 2:1 ratio, meaning two bonus shares for every one held. Additionally, the company declared an interim dividend of 100% (₹2 per equity share) for FY 2026-27, with November 13, 2026, set as the record date. The Board also approved increasing the authorized share capital from ₹15 crore to ₹40 crore and will convene an EGM on December 16, 2026, to seek member approval for the bonus issue and capital alteration. The company also announced the interim appointment of Mr. Sumer Ghumman as CFO and noted the resignation of the Company Secretary. The Board meeting also reviewed the unaudited financial results for Q2 FY27 and noted the restructuring of bank borrowings for its subsidiary.