Surya Roshni 1:1 bonus issue record date tomorrow
Surya Roshni shares may remain in focus today, the last day to buy the stock to be eligible for the 1:1 bonus share issue, as January 1 is the record date determining shareholder eligibility.
“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.
Additionally, the board of Surya Roshni informed that these bonus shares will be allotted to the shareholders by January 2 and be effectively listed on January 3.
This is the first-ever instance of Surya Roshni giving out bonus shares to its shareholders, according to the data available on Trendlyne.
A 1:1 bonus share issue means that a company gives its existing shareholders one additional share for every share they already hold, free of cost. This effectively doubles the total number of shares in circulation while maintaining the shareholder's overall ownership percentage and the company's market capitalization.
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