Foce India Approves Bonus Equity Issue to Expand Its Capital Base on NSE SME

Foce India Limited has approved a bonus issue that sharply increases its equity base for existing shareholders. The firm, listed on the NSE SME platform and active in gems, jewellery and watches, plans to credit additional shares from its free reserves and securities premium, subject to shareholder approval.

The Board of Directors met on January 7, 2026 and cleared bonus equity shares in the ratio of 07:05. Shareholders will receive seven new shares of face value Rs 10 for every five shares of face value Rs 10 held on the record date, which the Board will fix later.

Under the Foce India bonus shares plan, the company proposes to issue 68,50,095 equity shares. Each new share carries a face value of Rs 10, giving a total bonus size of about Rs 6.85 crore. These shares will arise from a capitalisation of free reserves and/or the securities premium account.

The bonus will be funded from internal resources. As per the audited balance sheet dated March 31, 2025, the Profit & Loss Account Surplus stood at Rs 1,201.31 lakh. Securities Premium amounted to Rs 1,953.68 lakh, indicating adequate reserves for the Foce India bonus shares issuance.

Foce India’s authorised share capital remains unchanged at Rs 12 crore after the Foce India bonus shares announcement. It continues to be divided into 1.20 crore equity shares of Rs 10 each. Thus, there is no revision in the authorised capital ceiling despite the increase in issued capital.

Before the Foce India bonus shares issue, the company had 48,92,925 equity shares outstanding. Each share carried a face value of Rs 10, giving issued, subscribed and fully paid-up share capital of Rs 4.89 crore. These figures formed the base for calculating the new bonus entitlement.

The bonus allotment lifts the company’s equity base significantly. After issuing 68,50,095 new shares, the issued, subscribed and fully paid-up share capital rises to Rs 11.74 crore. This enlarged capital is represented by 1,17,43,020 equity shares, each with a face value of Rs 10.

Particulars	Before Foce India bonus shares	After Foce India bonus shares
Authorised share capital (Rs crore)	12.00	12.00
Authorised shares (number, Rs 10 each)	1,20,00,000	1,20,00,000
Issued & paid-up shares (number)	48,92,925	1,17,43,020
Issued & paid-up capital (Rs crore)	4.89	11.74
Bonus shares issued (number)	–	68,50,095

Foce India bonus shares: stock view and price levels

Analysts are tracking Foce India’s share price after the Foce India bonus shares announcement. Technical levels remain important for near-term traders on the NSE SME platform, where liquidity and price swings can be sharper than on the main board.

"Foce India stock price is bearish with strong resistance at 1836 on the Daily charts. A Daily close below support of 1676 could lead to a target of 1555 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

Foce India bonus shares: company background and listing history

Foce India Limited operates mainly in horology and related products, alongside its presence in the wider gems, jewellery and watches space. The business began as a single retail outlet in Mumbai during the 1980s and then expanded into manufacturing and importing wrist watches.

Over three decades, Foce India has developed a portfolio of mid-range wrist watches sold under several brand names. The business was incorporated as Foce India in 2001, succeeding Heighten Trading Company Private Limited, and later entered the capital markets through an initial public offering in 2021.

The Foce India bonus shares proposal will still go through the usual corporate approvals. The Board will set the record date and inform the exchange in due course. Shareholders recorded on that date will qualify for seven additional shares for every five held, without any cash outlay.

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The Foce India bonus shares move enlarges equity capital while drawing on existing reserves, without changing authorised limits. Market participants may watch technical levels highlighted by analysts, but any investment choices need independent assessment, given the company’s SME listing profile and its long track record in watches.