This Stock Hands Out Free Shares! Shareholders To Get 1 Extra Share For Every 1 Held; Details Here

The Indian company GEE Ltd., which was established in Thane in 1960, has announced that its shareholders would receive free shares as a reward. At its August 29th meeting, the Board of Directors recommended and authorized the 1:1 bonus share issue. Welding consumables and related equipment are produced and exported by GEE Ltd.With exports to nations including Dubai, Turkey, Italy, Thailand, Bangladesh, and South Africa, GEE Ltd. services both domestic and foreign markets through its production facilities in Maharashtra and West Bengal.

GEE Bonus Shares

The Board of Directors "Recommended and approved the Issue of Bonus Shares in the ratio of 1:1 i.e., 1 (One) new fully paid-up Equity Shares of face value of INR 2/- (Indian Rupee Two Only) each for every 1 (One) existing fully paid-up Equity Share of face value of INR 2/- (Indian Rupee Two Only) each held by the eligible shareholders as on the Record Date, subject to approval by shareholders and any other applicable statutory and regulatory approvals. Record date to determine the eligible shareholders shall be decided and will be intimated to exchange separately," said GEE Ltd in a stock exchange filing.

The total equity share capital would increase from Rs 5,19,76,932 (pre-bonus) to Rs 10,39,53,864 (post-bonus) after 2,59,88,466 equity shares are issued as bonus shares. The company's securities premium account and/or general reserves as of March 31, 2025, will be used to finance the bonus issuance.

"The Bonus shares will be credited within 2 months from the date of Board approval wherein the decision of bonus issue was taken subject to the approval of the shareholders i.e., by 28.10.2025." GEE informed stock exchanges.

GEE Fundraising

At its August 29, 2025, meeting, the Gee Limited Board of Directors authorized the preferential issuance of up to 25,50,000 Equity Convertible Warrants to a limited number of individuals from the Promoter/Promoter Group and Non-Promoter categories. These warrants, which have a face value of Rs 2 each, will be granted for Rs 160 apiece (plus a premium of Rs 158), which is more than the floor price set by SEBI. Within 18 months of the date of issue, the warrants will be convertible into an equal number of fully paid-up equity shares, with a maximum fundraising amount of Rs 40.80 crore.

GEE Share Price Target

""GEE Ltd stock price is bullish & very overbought on the Daily charts with next resistance at 197. Investors should be booking profits at current levels as a Daily close below support of 176 could lead to a target of 128 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.