Siyaram Silk Mills Sets Aug 22 Record Date for Bonus Preference Shares

Siyaram Silk Mills Limited has announced August 22, 2026, as the record date for determining shareholders eligible to receive bonus preference shares. This follows the NCLT order dated July 21, 2025, sanctioning the scheme, which became effective on July 30, 2026. The company will issue these bonus preference shares by utilizing its general reserves. Two series of preference shares will be allotted: Series I offers 4 cumulative non-convertible redeemable preference shares of ₹10 each for every equity share of ₹2, redeemable within 3 years. Series II offers 3 such preference shares for every equity share, redeemable within 5 years. The company will proceed with further actions and necessary disclosures.