Hardwyn India Announces 2:5 Bonus Share Issue; Record Date and Shareholder Approval Awaited

Hardwyn India, renowned for its range of hardware solutions, has announced a proposed bonus share issue in the ratio of 2:5.  

This plan is pending shareholder approval and has resulted in the stock seeing a positive move. 

Hardwyn India's Proposed Bonus Share Issue 

The company has unveiled its intent to distribute bonus shares in a 2:5 ratio. This means shareholders will receive 2 additional equity shares for every 5 shares held.  

The company's board approved the proposal on June 5, 2023. These bonus shares will be issued by capitalising free reserves and retained earnings, subject to approval in an upcoming Extraordinary General Meeting (EGM) on July 3, 2023.  

The cut-off for shareholder eligibility to participate in this voting process is June 26, 2023. 

Impact on Stock and Shareholder Details 

Following the announcement, Hardwyn India shares experienced an increase of over 2%, reaching ₹24.94. The total number of bonus shares to be issued is approximately 19.54 crore.  

The record date, crucial for determining shareholder eligibility, is yet to be announced. The shares are anticipated to be credited by August 4, 2023. 

Financial Overview and Market Impact 

As of FY26, Hardwyn India reported free reserves and retained earnings amounting to ₹19.65 crore.  

An increase in authorised share capital from ₹50 crore to ₹70 crore has also been approved. The company’s shares have grown significantly, exhibiting a 69% rise over the past year despite a recent week-long dip. 

Read More: Brigade Enterprises Share Price Surges as Company Announces June 17, 2026, as Record Date for 1:3 Bonus Equity Shares Issue! 

Hardwyn India Share Price Performance  

As of June 09, 2026, at 12:47 PM, Hardwyn India share price on NSE was trading at ₹24.59 up by 0.65% from the previous closing price. 

Conclusion 

The 2:5 bonus issue announcement by Hardwyn India highlights a strategic financial decision aiming to enhance share liquidity. The stock market reflected a positive reception to the news, evident in the price movement. However, the completion awaits shareholder affirmation in the upcoming EGM. 

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Disclaimer:This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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