Gujarat Toolroom Share Price Down for 2nd Straight Day Ahead of the Bonus Share Allotment

Gujarat Toolroom’s share price traded at ₹2.24 at 10:23 AM on February 18, 2025, up from the previous close of ₹2.04. The stock opened at ₹2.24 and peaked at the same level, while the low for the day was ₹2.20.

The Volume-Weighted Average Price (VWAP) stood at ₹2.23. Over the past year, Gujarat Toolroom’s stock has fluctuated between a 52-week high of ₹45.97 and a 52-week low of ₹2.20, reflecting significant volatility. The stock price remains well below its 52-week high.

Gujarat Toolroom Set to Allot Bonus Shares on February 19, 2025

Gujarat Toolroom has announced a 5:1 bonus issue, where shareholders will receive five new equity shares of ₹1 each for every existing share of ₹1 each.

A total of 1,16,03,28,150 shares will be distributed to shareholders on February 19, 2025, just two days away. This was officially disclosed in the company’s letter on February 14, 2025.

Gujarat Toolroom Delays Release of Key Financial Results

The company stated in a press release on the stock exchanges that it could not submit its financial results for the quarter ended December 31, 2024, within the stipulated timeline under SEBI (LODR) Regulations, 2018.

Despite their best efforts, the delay was primarily caused by challenges in gathering accurate data from subsidiaries and the complexities involved in consolidating the financials. Additionally, a temporary vacancy in a key managerial position further impacted internal operations and reporting.

The company assured that it is making all efforts to finalize the results and will submit them as soon as they are approved by the Board. It also requested that no adverse action be taken, emphasising its commitment to addressing the challenges promptly and maintaining transparency with stakeholders.

On February 11, 2025, Gujarat Toolroom Ltd notified the BSE that a meeting of the Board of Directors is scheduled for February 14, 2025. “The meeting will primarily focus on considering and approving the unaudited financial results for the quarter ended December 31, 2024, along with the limited review report,” it said in a press release on the stock exchanges.

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