Bonus Bonanza: 1:2 Bonus Shares Confirmed, Record Date Extended To March 10 From 5th March—More Time To Invest

SBC Exports Limited is a well-known brand in India's apparel sector. One of the top producers of handcrafted carpets made of silk and wool is CARPETS. Following the Board's revision of the record date for bonus share allocation, SBC Exports' shares closed Friday 3.56% down at Rs 19.77 per share, with a market capitalisation of Rs 629.69Cr.

SBC Exports Bonus Shares

"Pursuant to the Regulation 42 of SEBI (LODR) Regulations, 2015, we hereby inform you that the Board has revised the "Record Date" to Monday, 10th of March, 2025 (T Day), from the previous Date i.e. Wednesday, 05th of March, 2025, for the purpose of ascertaining the eligibility of Shareholders entitled for Allotment of Bonus Equity Shares. Further pursuant to the SEBI Circular No. SEBI CIR/CFD/PoD/2024/122 dated 16th September 2024, We wish to inform you that the Deemed Date of allotment would be Tuesday, 11th of March, 2025 (T+1 Day) for allotment of 15,87,30,000 fully paid-up Bonus Equity Shares of Re. 1/- each in the proportion of 1:2 i.e. 1 (One) new fully paid-up equity share of Re. 1/- (Rupees One only) for every 2 (Two) existing fully Paid-up equity share of Re. 1/- (Rupees One only) to the eligible shareholders as on the record date," said SBC Exports in a stock exchange filing.

SBC Exports Financials

Compared to the December 2023 quarter's net sales of Rs 51.96 crore, the company's December 2024 quarter net sales of Rs 72.04 crore represented a 38.65% growth. Its net profit for the quarter ending in December 2024 amounted to Rs. 3.58 crore, up 24.76% from Rs. 2.87 crore for the quarter ending in December 2023. From Rs. 4.65 crore in Q3FY24 to Rs. 5.93 crore in Q3FY25, EBITDA increased by 27.53%.

SBC Exports Share Price Target

"SBC Exports stock price is bearish on the Daily charts with strong resistance at 20.92. A Daily close below support of 19.2 could lead to a target of 16.5 in the near term," commented A R Ramachandran, Independent Research Analyst.

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