Sharda Motor Industries issues bonus equity shares

Sharda Motor Industries announced the allotment of 2,87,03,853 bonus equity shares, fully paid up, with a face value of INR 2 each. The bonus shares were issued in a 1:1 ratio, meaning one new bonus share for each existing share held. This allotment increases the company's paid-up share capital from INR 5,74,07,706 to INR 11,48,15,412. The bonus shares will rank equally with existing equity shares, carrying the same rights, including dividends and other corporate benefits. The company disclosed this information on its website. The decision was made at a board meeting on July 7, 2025, following provisions of SEBI regulations. The record date for the bonus issue was July 4, 2025.