Surya Roshni has declared a 1:1 bonus issue, with the record date set for January 1, 2025. Investors holding shares as of the record date will be eligible to receive one bonus share for every share owned.
Surya Roshni has a notable history of bonus issues, with the most recent one being announced on November 14, 2024. The company declared a 1:1 bonus issue, meaning shareholders will receive one bonus share for every share they hold, with the ex-date set for January 1, 2025.
Previously, on October 3, 1994, Surya Roshni issued a 3:4 bonus, where shareholders received three bonus shares for every four shares they held.
In Q2FY25, Surya Roshni reported a significant decline in both net profit and revenue compared to Q2FY24. The company’s consolidated net profit dropped by 55% to ₹34 crore, while its net sales fell by 20% to ₹1,529 crore.
The decline in profit was attributed to lower demand in the steel pipes segment, particularly due to a sharp drop in Hot Rolled steel prices, as well as continued price erosion in the lighting and consumer durables segment.
Surya Roshni Limited, founded in 1973, is one of India’s largest and most diversified companies, specialising in steel pipes, lighting solutions, and consumer durables. With a turnover of ₹7,809 crores in FY 2023-24, Surya Roshni operates in over 50 countries globally. The company has a strong presence in the lighting industry, is recognised for its energy-efficient LED products, and is committed to quality, innovation, and sustainability.
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