10:32 Bonus Shares Upcoming: Penny Stock Wins Order of Rs 113 Cr; Share Price Below Rs 1

A major work order/purchase order for the delivery of grains and vegetables worth Rs 113 crore has been received by Harshil Agrotech Ltd, a small-cap company in the capital goods sector, from Heera Merchants, an unrelated party. The products, which must be provided in prearranged tranches within 45 days, comprise wheat (Grade-A), potatoes, onions, hybrid tomatoes, fresh green chilli, and a blend of brinjal and capsicum. The firm will organize logistics, packing, and cold chain facilities, and deliveries will be made to Ahmedabad APMC and specified warehouses/cold storages.

The conditions of payment include a 30% advance within seven days of the purchase being confirmed, with the remaining 70% due via RTGS/NEFT after delivery and inspection. Along with provisions for rejection/replacement, liquidated expenses related to delays, and arbitration under Ahmedabad jurisdiction, the order requires conformity to APMC grading and FSSAI quality standards. Subject to timely execution, quality clearance, and seamless dues collection, this non-related-party arrangement is anticipated to significantly boost Harshil Agrotech's short-term revenue.

At its meeting on Friday, September 05, 2025, the Board of Directors approved and recommended the issuance of bonus equity shares in the ratio of 10:32, meaning that 10 bonus equity shares of Re. 1/-will be distributed to eligible shareholders for every 32 fully paid-up equity shares of Re. 1/-held as of the record date, according to Harshil Agrotech Ltd.

In due time, the record date for determining which shareholders are eligible to receive bonus shares will be announced. The paid-up equity share capital of Harshil Agrotech would rise from Rs. 71,12,00,000, which consists of 71,12,00,000 equity shares of Re. 1 each, to Rs. 93,34,50,000, which consists of 93,34,50,000 equity shares of Re. 1 each, after the bonus issue. To carry out the bonus issue, Rs. 22,22,50,000 will be withdrawn from the Securities Premium Account. The company has free reserves and securities premium of Rs. 43,97,10,639 as on March 31, 2025, according to the audited financial records for the year FY25.

Additionally, the company has declared that Sunday, September 28, 2025, will be the date of its 52nd Annual General Meeting. The e-voting session will run from 9:00 AM on Thursday, September 25, 2025, until 5:00 PM on Saturday, September 27, 2025. During the e-voting cut-off date of Sunday, September 21, 2025, members of the firm who possess shares in dematerialized form may cast their ballots via remote e-voting.
On Friday, 26th September the shares of Harshil Agrotech ended 4.44% lower at Rs 0.86 per share with a market cap of Rs 61.16 Cr.