BSE board approves 2:1 bonus issue, record date yet to be finalised

Ltd.'s board has approved a 2:1 bonus share issue, granting two free shares for every one held by shareholders as of the record date, the company announced on Sunday, March ***** marks the second time since its 2017 listing that BSE has considered a bonus share issue. The previous instance was in 2022, when the exchange issued bonus shares in the same 2:1 ratio. The record date for the latest bonus issue is yet to be determined. Only investors holding BSE shares before the ex-date will be eligible to receive the bonus shares. Companies typically issue bonus shares to capitalize on free reserves, boost their earnings per share (EPS), and expand their paid-up capital while reducing reserves. These shares are distributed at no extra cost to existing ***** its listing, BSE has paid over Rs 170 per share in dividends and conducted two share buybacks, one in 2019 and another in 2023.