Golden Reward For FY26! Auto Stock To Offer 1:1 Bonus Shares In April: A Buying Opportunity Or A Red Flag?

A leading global producer of agricultural implements, seats, and automotive components is SAL Automotive. It is a newly established international producer of agricultural implements, seats, and automotive parts. The Indian automotive industry considers SAL to be one of its top suppliers. As the Board has announced that the record date will shortly fall in April, the small-cap auto stock will soon award its shareholders with bonus shares in FY26. To learn more about SAL Automotive and its investment standpoint, see the details here.

SAL Automotive Bonus Shares Record Date

"We wish to inform that the Company has fixed the "Record Date" as Thursday, 3rd April, 2025 (T Day). Further in Compliance with SEBI CIR/CFD/PoD/2024/122 dated September 16, 2024, we wish to inform you that the deemed date of allotment, of 23,97,713 Bonus Shares of Rs 10/- each in the proportion of 1:1 i.e. 1 new fully paid-up equity share of Rs 10/- each for every 1 existing fully paid- up equity share of Rs 10/- each to the eligible shareholders as on the record date, would be Friday 4th April, 2025 (T+1)," said SAL Automotive in a stock exchange filing on Thursday.

SAL Automotive Bonus Shares Allotment

"We further undertake to submit the requisite documents to the depository for credit of bonus shares in the depository system latest by 12 P.M. on Friday 4th April, 2025, and will ensure that the shares allotted pursuant to the bonus issue shall be made available for trading on the next working date of allotment (T+2 day) i.e. by Monday, 7th April, 2025," SAL Automotive further informed stock exchanges on Thursday.

SAL Automotive News

"In reference to the clarification regarding trading restriction period issue by BSE Limited vide its Letter Ref. No: LIST/COMP/01/2019-20 dated 2nd April, 2019 and as per the Company Code of Internal Procedure and Conduct for regulating, Monitoring and Reporting of Trading by insiders', the "Trading Window' for Trading in the securities of the Company will remain closed with effect i.e. from Tuesday, 1st April, 2025 and shall be reopen after expiry of 48 hours after the declaration of Audited Financial Results for the quarter and year ended 31st March, 2025. Further, the date of Board Meeting for consideration of the Audited Financial Results for the quarter and year ended 31st March, 2025 will be intimated in due course," said SAL Automotive in a regulatory filing on 27th March.

SAL Automotive Share Price Target

"Sal Automotive stock price is bearish on the Daily charts with strong resistance at 683. A Daily close below support of 610 could lead to a target of 521 in the near term," stated A R Ramachandran, Independent Research Analyst.

Disclaimer

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