1:1 Bonus Shares! Multibagger Small Cap Stock Recommended Bonus Shares, Soars 130.03% In 6 Months

Shilchar Technologies Ltd. on Saturday, July 29, informed the stock exchange that the Board of Directors of the company recommended Bonus Shares in the ratio of 1:1. The issue of Bonus Shares in the ratio of 1:1 translated as 1 (one) bonus equity shares of Rs. 10/- each for every 1 (one) fully paid up equity shares.

Shilchar Technologies Ltd. is an Electrical equipment Sector small-cap company. The market cap of the company is Rs 991.37 Crore.

1:1 Bonus Shares

"The Board considered, approved and Recommended issuance of bonus shares in 1:1 ratio to the shareholders as on the record date subject to approval of the shareholders at Annual General Meeting," the Board said in an exchange filing.

Sr.No.	Particular	Additional Details
1	Whether bonus is out of free reserves created out of profits or share premium account;	The Bonus Equity shares will be issued out of free reserves and / or securities preminum account of the company available as at 31st March 2023.
2	Bonus ratio;	1:1 that is 1 (one) bonus euity shares of Rs. 10/- each for every 1 (one) fully paid up equity shares.
3	Details of share capital - pre and post bonus issue;	|The pre - bonus issue paid up equity share capital as on the date of this letter is' Rs. 3,81,34,000/- consisting of 3813400 equity shares of Rs. 10/- each. The post - bonus issue paid up equity share capital is' Rs. 7,62,68,000/- consisting of 7626800 equity shares of Rs. 10/- each.
4	Free reserves and/ or share premium required for implementing the bonus issue.	Free Reserves of Rs. 3,81,34,000/- for implementing the bonus issue.
5	Free reserves and/ or share premium available for capitalization and the date as on which such balance is available;	Securiitie Premium, General Reserve and Retained Earning of Rs. 115,99,23,000/- as on 31st March 2023.
6	Whether the aforesaid figures are audited;	Yes
7	Estimated date by which such bonus shares would be credited/dispatched;	I.e. by 10th September 2023.

Source - BSE

Stock Movement

On Friday, July 29, the shares climbed 4.16%, ended at Rs 2599.70 per share. It touched an intraday high at Rs 2650 and an intraday low at Rs 2505 on BSE, respectively.

The stock performed well over the years, given positive returns. It jumped 9.07% in 1 week, while in 2 weeks, it jumped 30%. In 1, and 3, months, it jumped 35.04%, and 36.05%, respectively. While in 6 months, it gave 130.03% multibagger return. It gave 317.79% multibagger return in the last 1 year, 1056.19% multibagger return in the last 2 years, and 2113.45% multibagger return in 3 years. The stock gave 580.46% positive return in the last 5 years.

The stock hit its 52-week-high on July 26, 2023, at Rs 2710 per share and its 52-week-low on Sept 01, 2022, at Rs 552.10 per share, respectively.

Disclaimer- The stock just highlights the Bonus Shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.