Hardwyn India Announces 2 Bonus Shares for Every 5 Held, Boosts Authorized Capital Hardwyn India, a company specializing in kitchen, door, glass, wardrobe, and sliding hardware solutions, has announced a bonus share allotment for its shareholders. The company has approved a 2:5 ratio for the bonus shares, meaning investors holding every 5 shares will receive 2 additional shares for free. This initiative aims to reward shareholders while strengthening the company’s capital structure. The bonus shares will be issued from the company’s free reserves and retained earnings. Hardwyn India plans to allocate approximately 19.54 crore new shares to shareholders. The company has not yet announced the record date, which determines eligibility for the bonus shares, but the cutoff date for the allotment is set for June 26, 2026. The shares are expected to be distributed to investors’ accounts by August 4, 2026. In addition to the bonus shares, the company has approved an increase in its authorized share capital. The authorized capital will be raised from 50 crore rupees to 70 crore rupees. Currently, the company’s authorized capital is divided into 50 crore equity shares with a face value of 1 rupee each. The increase will expand the capital base to 70 crore equity shares. The bonus share allotment reflects the company’s confidence in its financial health and future prospects. Bonus shares are typically issued to reward existing shareholders without requiring additional investment. While the total market capitalization and shareholder equity remain unchanged, the issuance of bonus shares can lower the share price, making it more accessible for smaller investors. It also enhances liquidity in the market. Brokerage firm Anand Rathie has highlighted the stock’s potential, designating it as the “Pick of the Month.#stock_market #bonus_shares #hardwyn_india #anand_rathie #authorized_capital
Market in red but condom-maker Cupid jumps 15%: Know why Sexual wellness brand Cupid's share price surged by 15% despite a broader stock market decline on Monday. The company announced a bonus issue in a 4:1 ratio, meaning shareholders will receive four additional shares for every existing share they hold as of the record date. The allotment date for the bonus shares is set for Tuesday, March 10. Bonus shares are distributed to existing shareholders at no cost, typically from retained earnings, as a reward for their investment. For example, a shareholder owning 1,000 shares of Cupid would receive 4,000 bonus shares, increasing their total holdings to 5,000 shares. At the time of the report, the stock was trading at ₹90.5, reflecting a 12.5% increase. Meanwhile, major Indian stock indices fell sharply on Monday. The Sensex dropped by nearly 2,400 points to 76,424, while the Nifty 50 declined over 700 points to 23,750. The market downturn was linked to rising crude oil prices, which are expected to strain the South Asian economy. Higher oil costs could impact growth, inflation, and import expenses for the world's third-largest oil importer.#sensex #nifty_50 #crude_oil #cupid #bonus_shares
