In an exchange filing announced on Friday, Hardwin India said its board of directors met on June 5 “to issue and approve bonus equity shares in the ratio of 2:5, i.e., 2 bonus equity shares of Rs 1 each for 5 equity shares fully paid up, each fully paid up by the company on the date as fully paid up capital. Free reserve/ subject to approval of members at an extraordinary general meeting. Retained earnings.
Along with the bonus issue, Hardwin’s board has increased the authorized share capital of the company from the existing Rs. 50 crore to Rs. 1 with a face value of Rs. 50 crore divided into shares of Rs. 70 crore equity shares each having a face value of 1 were also allowed to be split.
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The Extraordinary General Meeting (EGM) where the bonus issue will be voted on is scheduled for July 3 this year. The company has set a cut-off date of June 26 to decide who can vote at the EGM.
Record Date of Hardwin India Bonus Issue
As part of the bonus issue, the company proposed to issue about 19.54 crore new shares to its shareholders using its free reserves or retained earnings, which would be worth Rs. 19.65 crores.
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The record date for determining the eligibility of shareholders for the 2:5 bonus issue is yet to be announced. Hardwin said the bonus issue is expected to be sent within two months of the board’s approval, i.e. by August 4.
A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth potential. While the issue of bonus shares increases the total number of shares outstanding, it does not change the market capitalization of the company. However, it can improve liquidity and affordability by allowing more investors to add company shares to their portfolios.
Anand Rathi named Hardwin India as the pick of the month
Anand Rathi Investment Services named Hardwin India as its top pick of the month in its report dated June 2, indicating that the stock is currently trading near its 20 DEMA support. “Furthermore, the DMI indicators are positively aligned, while the ADX is placed at 32, reflecting the strength of the strong trend and supporting the possibility of further upside,” it said.
“Therefore, traders may consider accumulating the stock in the Rs 24.50-25.50 zone with a stop-loss of Rs 22.50. On the upside, the stock is likely to move towards the target of Rs 30 in the near term, if it remains above the mentioned support level,” he added. The target price of the stock is Rs. This indicates an upside potential of around 23% from the previous close of 24.41.
Hardwin India Share Price
At 11.05 am on Monday, shares of Hardwin India fell nearly 1% to Rs. Traded at 24.21. The stock is down about 4% in five days and 2% in a month. Overall, the company’s shares, however, are up 44% so far in 2026.
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(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)
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