1:3 bonus shares, 1:10 stock split: Small-cap stock to trade ex-bonus, ex-split today
Multibagger stock has fixed 5th June 2023 as record date for bonus shares and stock split
Premium1:3 bonus shares, 1:10 stock split: Hardwyn India shares are one of the multibagger stocks that Indian stock market has produced in last one year. However, this is not just one good news for Hardwyn India shareholders. The small-cap stock with a market cap of around ₹1,630 crore is going to trade ex-bonus and ex-dividend today.
The small-cap company has declared issuance of bonus shares in 1:3 ratio and the stock is going to trade ex-bonus today. Likewise, the small-cap stock board has declared stock split in 1:10 ratio and the stock is going to trade ex-split today. As per the information available on BSE's official website,, the board of directors of the company has fixed 5th June 2023 as record date for issuance of bonus shares and stock sub-division.
The multibagger stock informed Indian bourses about the stock split and bonus shares citing, "In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and vide resolution dated 02nd May, 2023 passed by the Board of Directors of the Company, notice is hereby given that the Company has fixed, Monday, 05th June 2023 as the "Record Date", for the purpose of Sub-division of Equity Shares (all the Authorized, Issued, Subscribed and Paid-up Equity Shares of nominal value of Rs. 10/- (Rupees Ten Only) each shall stand sub-divided into 10 (Ten) Equity Shares of nominal value of Re. 1/-(One Rupee) each fully paid-up and ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 01 (One) Equity Shares of Re. 1/- each for every 03 (Three) existing Equity Share of Re. 1/- each, subject to the approval of Members which is being obtained by way of Postal Ballot through remote e-voting."
Prior to bonus share record date, the multibagger stock had informed Indian stock market exchanges about issuance of bonus shares in 1:3 ratio, which means one bonus share for every three shares held by Hardwyn India shareholders.
Similarly, the small-cap company had informed stock market bourses that board of directors of the company has considered and approved stock split in 1:10 ratio that means a beneficiary shareholder's shareholding will surge 10 times after the stock split.
Hardwyn India share price history
As mentioned above, Hardwyn India shares are one of the multibagger stocks in Indian stock market. In YTD time, this small-cap stock has risen to the tune of 85 per cent whereas in last one year, it has surged around 275 per cent. In last five years, this small-cap multibagger stock has surged from around ₹88 to ₹622.65 apiexe levels, logging more than 600 per cent rise in this time.
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