1:1 Bonus Issue; Why Investors Must Hold Shares By March 21 To Qualify?

One of the top three laminate producers in the world, Greenlam Industries is a prominent surface solutions company in India that also sells wall cladding, laminates, wood veneers, wooden doors, and flooring. Greenlam is headquartered in New Delhi and was established in 1993. The most significant surfacing solutions company in Asia and the top brand in India is Greenlam. Following the Board's announcement of the record date for 1:1 bonus shares, Greenlam Industries' shares closed Monday's trading session on the NSE 0.71% higher at Rs 485.05 with a market capitalisation of Rs 6.16KCr.

Greenlam Industries Bonus Shares

"Pursuant to Regulation 42 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has fixed Friday, March 21, 2025 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares in the proportion of 1:1 i.e., 1 (One) new fully paid- up equity share of Re. 1 (Rupee 1/-) each for every 1 (One) existing fully paid- up equity share of Re. 1 (Rupee 1/-) each," said Greenlam Industries in a stock exchange filing.

Greenlam Industries Financials

In the December 2024 quarter, the company's net sales were Rs 534.51 crore, increasing 3.37% from Rs 517.09 crore in the December 2023 quarter. In the quarter that ended in December 2024, its net profit was Rs. 19.46 crore, a 44.15% reduction from Rs. 34.84 crore in the quarter that ended in December 2023. EBITDA decreased 16.21% from Rs. 75.80 crore in Q3FY24 to Rs. 63.51 crore in Q3FY25.

Greenlam Industries Share Price Target

"Greenlam Industries stock price is slightly bearish on the Daily charts with strong resistance at 490. A Daily close below support of 471 could lead to a target of 418 in the near term," commented A R Ramachandran, Independent Research Analyst.

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