Alert Auto Stock Watchers! 1:1 Bonus Shares Opportunity Ending Soon, Record Date In 3 Days On 4th July; Buy?

One Indian company that produces and assembles automotive components is Sharda Motor Industries Limited. Since its founding in 1986, Sharda Motor has emerged as a market leader in exhaust systems and manufactures a variety of other parts, including seat frames and covers. For the automobile sector, the firm specializes in suspension systems, exhaust systems, catalytic converters, sheet metal parts, and plastic components. The small-cap auto stock is going to be the talk of the town in the 1st week of July as the Board has declared record date for bonus share allotment.

Sharda Motor Industries Bonus Shares Record Date

"In furtherance to our Letter No. SMIL: LISTING: 25-26/2405/02 dated May 24, 2025 and on receipt of approval from the shareholders through postal ballot on June 25, 2025, we wish to inform you that the Company has received In-principle approvals under Regulation 28(1) of SEBI LODR Regulations 2015, from BSE Limited and National Stock Exchange of India Limited vide their letters dated June 25, 2025 and June 27, 2025, for issue and allotment of 2,87,03,853 Equity Shares of ₹ 2/- each as Bonus Shares in the ratio of 1:1 i.e., 1 (One) new Bonus Equity Share for every 1 (one) existing Equity Share held in the Company. Distinctive numbers ranging from 29731631-58435483. In this regard, the Company has fixed Friday, July 04, 2025, as the "Record Date" to determine the eligibility of shareholders for issuance of Bonus Shares. Accordingly, the deemed date of allotment shall be Monday, July 07, 2025 for the purpose of allotment of said Bonus Shares of the Company (ISIN No.: INE597I01028). Further, the requisite documents for credit of Bonus Shares shall be submitted to the depository system latest by 12:00 P.M. of the next working day of record date (i.e. Monday, July 07, 2025) and the Bonus Shares will be made available for trading on the beginning of next working day of the date of allotment i.e. Tuesday, July 08, 2025," said Sharda Motor Industries in a stock exchange filing.

Sharda Motor Announces Trading Window Closure Ahead of Q1 FY26 Results

"Pursuant to Securities and Exchange Board of India (Prohibition of insider Trading) Regulations, 2015 and as per the company's policy "SMIL Code of Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information and Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders", this is to inform you that the trading window for dealing in the securities of the Sharda Motor Industries Limited ('Company') will remain closed for all its designated persons, connected persons and their relatives with effect from Tuesday, July 01, 2025 until fortyeight hours of the declaration of Financial Results of the Company for the first quarter of the financial year 2025-26. The date of the Board meeting for considering and approving the Financial Results for the first quarter of the financial year 2025-26 shall be separately communicated in due course," Sharda Motor informed stock exchanges.

Sharda Motor Share Price Target

"Sharda Motor is holding gains after a recent rally and trading in a tight range. Resistance is placed at ₹1,920, and a breakout could lead to ₹2,000. Support lies at ₹1,820. The trend remains positive with healthy momentum. Buying near ₹1,850-₹1,860 with a stop-loss at ₹1,810 looks favorable for a move toward ₹1,950+," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

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