Surya Roshni Receives Approval for 1:1 Bonus Issue – Key Details

Surya Roshni Limited, a leading player in the Indian lighting and steel pipe industry, has announced the issuance of bonus equity shares. This move comes after obtaining shareholder approval and regulatory clearances, highlighting the company’s commitment to enhancing shareholder value.

Key Highlights of the Bonus Issue

The company will issue bonus equity shares in the ratio of 1:1, i.e., shareholders will receive one new equity share for every existing share they own.

Important Dates to Note

• Record Date: January 1, 2025 – Shareholders holding shares as of this date will be eligible for the bonus issue.
• Deemed Date of Allotment: January 2, 2025 – Bonus shares will be allotted to eligible shareholders.
• Effective Listing Date: January 3, 2025 – Trading with the newly allotted shares is expected to commence.

Bonus Share Details

• Number of Bonus Shares Issued: 10,88,17,948 equity shares.
• Face Value: ₹5 per share.

Approval and Compliance

Surya Roshni received in-principle approvals from BSE Limited and the National Stock Exchange of India Limited on December 23, 2024, under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows shareholder approval secured through a postal ballot held on December 20, 2024.

Share Price of Surya Roshni

The share price of Surya Roshni has surged over 2% as of 1:13 PM on December 26, 2024. It touched an intraday high of ₹574 on the NSE. The 52-week high and low range of Surya Roshni stands at ₹841.65 and ₹467.55, respectively.

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