Historic First For Investors: FMCG Stock Announces Its 1st-Ever Bonus Issue in 84-Year History

Sayaji Industries Ltd., also referred to as SIL, is one of the largest starch manufacturers in India, having been founded in 1941. Sayaji Industries Ltd.'s shares wrapped up at an upper circuit limit of Rs 261.25 on the BSE on August 14, 2025, up 4.98% from the previous close of Rs 248.85. The rally in the stock price came after the company declared bonus shares for its shareholders for the first time in its history of 84 years of existence.

Sayaji Industries Bonus Shares

The Board of Directors of the company, at its meeting held on 14th August, 2025 inter-alia considered and approved "Issue of bonus equity shares in the ratio 1:3 i.e. Three (3) bonus equity share of face value of Rs 5/- each for every one (1) fully paid-up equity share of face value of Rs 5/- each, held by the members of the company as on the record date, by capitalizing a sum not exceeding Rs. 9,48,00,000 out of the 92,09,000/- (Securities Premium) and Rs. 8,55,91,000/- (retained earnings) from the of the Company, subject to the approval of the members of the Company. The record date for determining the entitlement of the members of the company to receive the bonus will be announced in due course of time," said Sayaji Industries in a stock exchange filing on Thursday.

Based on audited financials as of March 31, 2025, a total of 1,89,60,000 bonus shares, amounting to Rs 9.48 crore, would be awarded by capitalizing Rs 92.09 lakh from the Securities Premium account and Rs 8.55 crore from retained earnings. Following the bonus, the authorized capital will grow from 1 crore shares to 3 crore shares, and the paid-up and subscribed share capital of the firm will increase from 63,20,000 shares to 2,52,80,000 shares.

As per the audited financial statements for the year ended 31st March 2025, the company has free reserves of Rs 37.15 crore, retained earnings of Rs 50.49 crore, and securities premium of Rs 0.92 crore, aggregating to Rs 88.56 crore available for capitalization.
The bonus shares are expected to be credited or dispatched within two months from the date of approval by the Board of Directors, i.e., on or before 14th October 2025 as per Sayaji Industries.

"The 84th Annual General Meeting of the Company will be held on Thursday, 25th September, 2025 at 11:30 a.m. through Video Conferencing / Other Audio-Visual Means in accordance with the relevant circulars issued by Ministry of Corporate Affairs (MCA) and Securities Exchange Board of India (SEBI), for the approval of increase in authorized share capital, approval for issuance of bonus shares and other businesses notice of the Annual General Meeting and Annual Report will be shared with the exchange in due course of time," Sayaji Industries further informed stock exchanges.

Sayaji Industries Financials

Sayaji Industries reported a net loss of Rs 3.76 crore for the quarter that ended in June 2025, compared to Rs 2.89 crore for the quarter that ended in June 2024. In the quarter ending in June 2025, sales dropped by 0.50% to Rs 271.95 crore, compared to Rs 273.31 crore in the year-ago quarter ending in June 2024, as per Business Standard.

Sayaji Industries Share Price Target

"Sayaji Industries is consolidating near its recent highs, holding well above the ₹260 support zone. Momentum indicators suggest accumulation at lower levels, keeping the medium-term structure positive. A sustained move above ₹285 could trigger fresh buying interest, with potential upside toward ₹310. On the downside, ₹250 remains a strong positional stop-loss. With healthy price action and improving volumes, the stock looks poised for a breakout and continuation of its bullish trend," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

"Sayaji Industries' stock price is slightly bullish on the Daily charts with strong support at 248.85. A Daily close above resistance of 268 could lead to a target of 292 in the near term," commented A R Ramachandran, independent research analyst.

Disclaimer

The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.