1:1 Bonus Issue: Record Falling On Next Week; Buy The Stock Today?

The record date for bonus shares has been announced by Hyderabad-based company Times Green Energy (India) Limited. After the news, Times Green Energy (India) Ltd's share price dropped 5% from the previous close to Rs 84.46 and remained in the lower circuit limit. At Rs 89.00, the stock's intraday high, it began the current session. After that, it fell 4.99% to an intraday low of Rs 84.46. The stock has produced a 17% return over the previous year, but it has had a slight 6% fall in only the last month.

Times Green Energy (India) Bonus Shares Record Date

"In compliance with Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Tuesday, March 24, 2026 as the record date for the purpose of determining the members, eligible for issuance of bonus shares in the proportion of 1:1* i.e. 1 (one) new fully paid up equity shares for every 1 (one) existing fully paid up equity share held as approved by the shareholders," Times Green Energy (India) has confirmed in BSE-filing.

Times Green Energy (India) Bonus Shares Details

As per the initial proposal, a total of approximately 27,87,200 equity shares aggregating to around Rs 2,78,72,000 may be issued as a part of the bonus issue by the company. The firm has declared a 1:1 bonus ratio, meaning that for each existing equity share of Rs 10 held as of the record date, shareholders would get one fully paid-up equity share of Rs 10 apiece.

Before the bonus issue, the company's paid-up share capital stood at Rs 2,78,72,000, divided into 27,87,200 equity shares of Rs 10 each. Post-bonus issue, the paid-up share capital is expected to increase to Rs 5,57,44,000, consisting of 55,74,400 equity shares of Rs 10 each.

In terms of financial backing, the company has sufficient reserves to support the bonus issuance. The bonus issue will cost around Rs 32,51,46,000 to carry out, and as of March 31, 2025, the available reserves and surplus were roughly Rs 32,51,46,000. Additionally, the firm has provided an explicit timeline for the credit and issuance of bonus shares, noting that it would be completed within two months after the Board Meeting date, which is April 5, 2026, at the latest.

Times Green Energy Target Price

"Times Green Energy stock price is bearish on the Daily charts with strong resistance at 89. A Daily close below support of 82.7 could lead to a target of 74 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

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