Bonus Shares and Stock Splits Announced by Geekay Wires and Sikko Industries to Attract Investors

Two companies listed on the NSE have revealed plans that could benefit current shareholders and attract new investors. With the corporate actions season approaching on Dalal Street, these companies are set to offer bonus shares and stock splits. Investors may find these stocks appealing for both short-term trading and long-term portfolio growth.

Geekay Wires Limited has announced a revision in its record date for a stock split. According to an NSE filing, the record date has been changed from 24th October 2025 to 30th October 2025. This adjustment is for determining shareholder eligibility for the subdivision of each Rs. 2 equity share into two Rs. 1 equity shares.

"Geekay Wires stock price is slightly bullish on the Daily charts with strong support at 67.35. A Daily close above resistance of 70 could lead to a target of 79 in the near term," commented A R Ramachandran, Independent SEBI-registered Research Analyst.

On October 18, 2025, Sikko Industries' Board of Directors approved a 1:1 bonus share issue and a 10:1 stock split. This means one bonus share will be issued for every existing share, and each Rs. 10 share will be split into ten Rs. 1 shares. The company aims to increase liquidity and make shares more affordable for small investors.

The stock split will result in a tenfold increase in equity shares. The authorised share capital will change from 2,50,00,000 shares of Rs. 10 each to 25,00,00,000 shares of Rs. 1 each. Similarly, subscribed capital will rise from 2,18,40,000 shares of Rs. 10 each to 21,84,00,000 shares of Rs. 1 each.

Sikko Industries plans to issue bonus shares worth Rs. 21,84,00,000 from free reserves or the share premium account. After the bonus issue and stock split, authorised capital will increase to 45,00,00,000 shares of Rs. 1 each while subscribed capital will grow to 43,68,00,000 shares.

The company has allocated Rs. 21,84,00,000 from free reserves or securities premiums for this bonus issue. As per the auditor's report for FY 2024-2025 dated March 31, 2025, Sikko Industries has sufficient reserves including free reserves of Rs. 1,519.10 lakh and securities premium of Rs. 4,435.20 lakh.

"The Record Date for the aforesaid sub-division of equity shares and issue of bonus shares shall be fixed by the Board (including any Committee thereof) after the approval of the Members is obtained," said Sikko Industries in an NSE filing.

"Sikko Industries stock price is bullish but also overbought on the Daily charts with next resistance at 113. Investors should be booking profits as a Daily close below support of 96 could lead to a target of 86 in the near term," commented A R Ramachandran.

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