Greenlam Industries Ltd has set today, Friday, March 21, 2025, as the record date for its 1:1 bonus issue. This means that shareholders holding equity shares as of this date will be eligible to receive one fully paid-up equity share of Re. 1 for every existing share they own.
Investors who have purchased shares before the record date will be eligible for the bonus allotment. The ex-bonus date, typically a day before the record date, is also crucial for determining eligibility.
Greenlam Industries Ltd reported net revenues of ₹602.0 crore for the quarter, marking a 6.9% year-on-year (YoY) growth.
The company’s laminate business saw a 4.0% increase in value terms and 2.6% in volume terms on a YoY basis. Meanwhile, its Engineered Flooring, Engineered Doors, and Plywood segments showed strong growth, with YoY increases of 13.8%, 49.5%, and 90.7%, respectively.
Despite revenue growth, EBITDA stood at ₹63.5 crore, reflecting a 10.7% YoY decline, while net profit fell sharply by 50.3% YoY to ₹12.5 crore.
Ahead of the bonus issue record date, on March 20, 2025, Greenlam Industries share price (NSE: GREENLAM) opened at ₹569.00 and closed at ₹595.40, up by 7.14%. The stock price touched its day’s high at ₹595.40.
Greenlam Industries is involved in the business of manufacturing laminates, decorative veneers and allied products.
This current bonus shares move aligns with Greenlam’s strategy to reward its investors and enhance liquidity in the stock. A bonus issue increases the number of shares held by investors without impacting their overall holding value, making it an attractive incentive.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 21, 2025, 9:02 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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