Times Green Energy India Sets Record Date for 1:1 Bonus Issue

Times Green Energy (India) Limited disclosed a record date for a 1:1 bonus issue. After the update, the stock hit the lower circuit. The share price slipped 5% from the prior close to Rs 84.46. Trading opened stronger, but selling pressure followed through the session.

During the session, the stock touched an intraday high of Rs 89.00. It then dropped 4.99% to an intraday low of Rs 84.46. Over the past year, the share delivered a 17% return. Over the last month, it showed a mild decline of about 6%.

"In compliance with Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Tuesday, March 24, 2026 as the record date for the purpose of determining the members, eligible for issuance of bonus shares in the proportion of 1:1* i.e. 1 (one) new fully paid up equity shares for every 1 (one) existing fully paid up equity share held as approved by the shareholders," Times Green Energy (India) has confirmed in BSE-filing.

The company’s plan indicated about 27,87,200 equity shares under the bonus issue. The value aggregated to around Rs 2,78,72,000. The bonus ratio stayed at 1:1. For each existing Rs 10 equity share held on the record date, investors would receive one new Rs 10 fully paid-up share.

The capital base stood at Rs 2,78,72,000 before the bonus. This comprised 27,87,200 equity shares of Rs 10 each. After the bonus, paid-up capital was expected at Rs 5,57,44,000. The expanded base would include 55,74,400 equity shares of Rs 10 each.

Item	Before bonus issue	After bonus issue (expected)
Paid-up share capital	Rs 2,78,72,000	Rs 5,57,44,000
No. of equity shares	27,87,200	55,74,400
Face value per share	Rs 10	Rs 10

"Times Green Energy stock price is bearish on the Daily charts with strong resistance at 89. A Daily close below support of 82.7 could lead to a target of 74 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

The company also cited reserves to support the issue. The process was estimated to cost around Rs 32,51,46,000. As of March 31, 2025, reserves and surplus were roughly Rs 32,51,46,000. It also stated the credit and issuance would finish within two months, by April 5, 2026.

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