SBC Exports Limited has officially approved its 3rd bonus issue, further rewarding its shareholders with additional equity. The company’s Board of Directors, in a meeting held on January 24, 2025, recommended the issuance of 1 bonus share for every 2 shares held (1:2 ratio). This move is subject to shareholder approval through a postal ballot and compliance with regulatory requirements.
This follows previous bonus issues by the company on January 19, 2024 (1:2 ratio) and February 22, 2022 (1:1 ratio), making this the 3rd such initiative in recent years.
SBC Exports shares price made an intraday high of ₹21.45. The stock was trading at ₹21.06 at 9:41 AM on NSE.
The bonus shares, once allotted, will carry the same rights as existing shares and will be eligible for dividends and other corporate actions declared after the issuance.
In cases where shareholders are entitled to fractional shares, the company has outlined a process to ensure fair treatment. The Board has authorised an Independent Director to hold these fractional shares in trust, sell them at the prevailing market rate, and distribute the proceeds proportionally to eligible shareholders.
SBC Exports has consistently rewarded its shareholders with bonus issues, reflecting confidence in its financial strength and future growth potential. The latest bonus issue is backed by free reserves of ₹18.58 crore as of September 30, 2024, ensuring the company maintains a strong capital structure while enhancing liquidity for investors.
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Published on: Feb 3, 2025, 3:27 PM IST
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