“We wish to inform you that the Company has received in-principle approvals under Regulation 28( 1) of SEBI LODR, 2015, from BSE Limited and National Stock Exchange of India Limited vide their letters dated December 23, 2024, for issue and proposed allotment of 10,88, 17,948 Equity shares of ~5/- each as bonus shares in the ratio of 1 (One) new equity share for every l (one) existing equity share held in the Company. Further, the Company has fixed Wednesday, January 01, 2025, as the “Record Date” to determine the eligibility of shareholders for issuance of the said Bonus Shares,” the company had informed in an exchange filing.
Furthermore, Surya Roshni’s board confirmed that the bonus shares will be allotted by January 2 and will be officially listed on January 3.
This marks the first-ever bonus share issuance by Surya Roshni, according to Trendlyne data.
A 1:1 bonus share issue means shareholders will receive one additional share for each share they already hold, at no extra cost. This effectively doubles the total number of shares in circulation, while maintaining each shareholder’s overall ownership percentage and the company’s market capitalization.
The shares of Surya Roshni have fallen 25.85% in th e last one year.Incorporated in 1973, Surya Roshni is a smallcap company, with a market cap of Rs 6,470.86 crore operating in Metals – Ferrous sector. Its key products include steel pipes, lighting products, sale of services, and export incentives.
