1:1 Bonus Shares: January 01, 2025 Record Date; Your New Year Pick?

In 1973, Surya Roshni began producing steel tubes and has since expanded to rank among India's largest manufacturers of steel pipes and lighting. One of India's largest corporations, Surya Roshni exports to more than 50 nations worldwide. The company's two cutting-edge lighting production facilities are situated in Gwalior, Madhya Pradesh, and Kashipur, Uttarakhand. Following the company's announcement of record date 1:1 bonus shares, Surya Roshni's shares closed Tuesday's trading session on the BSE 1.16% down at Rs 554, with a market capitalisation of Rs 6.02KCr.

Surya Roshni Bonus Shares Record Date

"We wish to inform you that the Company has received in-principle approvals under Regulation 28( 1) of SEBI LODR, 2015, from BSE Limited and National Stock Exchange of India Limited vide their letters dated December 23, 2024, for issue and proposed allotment of 10,88, 17,948 Equity shares of Rs 5/- each as bonus shares in the ratio of 1 (One) new equity share for every 1 (one) existing equity share held in the Company. Further, the Company has fixed Wednesday, January 01, 2025, as the "Record Date" to determine the eligibility of shareholders for issuance of the said Bonus Shares," said Surya Roshni in a stock exchange filing on Tuesday.

Surya Roshni News

"Pursuant to the Company's Code of Conduct framed in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 ("the Code"), Trading Window for dealing in shares of the Company for persons specified under the Code, shall remain closed beginning from 1st January, 2025 onwards. The trading window will open 48 hours after the announcement by the Company of its un-audited financial results to the above mentioned Stock Exchanges for the quarter / nine months ended 31st December, 2024," informed Surya Roshni to stock exchanges.

Surya Roshni Share Price Target

"Surya Roshni stock price is bearish on the Daily charts with strong resistance at 575. A Daily close below support of 541 could lead to a target of 517 in the near term," commented A R Ramachandran, Independent Research Analyst.

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