Sharda Motor Industries Ltd allots 2,87,03,853 bonus equity shares

Today i.e., Monday, July 07, 2025, the Board of Directors of Sharda Motor Industries Limited ("the Company"), has considered and approved the allotment of 2,87,03,853 fully paid-up Bonus Equity Shares of the face value of ₹ 2/- (Rupees Two only) each in the ratio 1:1, i.e., 1 (One) new Bonus Equity Share of ₹ 2/- each for every 1 (One) existing Equity Share of ₹ 2/- each fully paid-up, held by the members of the Company as on the record date i.e., Friday, July 04, 2025.

Consequently, the paid-up Equity Share Capital of the Company stands increased from 2,87,03,853 shares (Rs. 5,74,07,706/-) to 5,74,07,706 shares (Rs. 11,48,15,412/-).

The Bonus Equity Shares allotted shall rank pari-passu in all respect and carry the same rights as the existing equity shares of the company including dividends and other corporate benefits, if any, declared by the Company after the said allotment.

Shares of Sharda Motor Industries Limited was last trading in BSE at Rs. 1052.60 as compared to the previous close of Rs. 2090.95. The total number of shares traded during the day was 12462 in over 1529 trades.

The stock hit an intraday high of Rs. 1079.95 and intraday low of 1026.05. The net turnover during the day was Rs. 13109615.00.

Source : Equity Bulls

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ShardaMotorIndustries INE597I01028 SharesAllotment Bonus EquityShares