Description

Chandrima Mercantiles Limited confirms issuance of 11,10,56,500 bonus equity shares with deemed allotment date of October 10, 2025 and effective listing date of October 13, 2025.

Summary

Chandrima Mercantiles Limited (Scrip Code: 540829) has confirmed the issuance of 11,10,56,500 bonus equity shares to its shareholders. The company submitted this confirmation to BSE Limited on October 6, 2025, providing details of the distinctive number range, allotment date, and listing date for the bonus shares.

Key Points

  • Total bonus equity shares to be issued: 11,10,56,500
  • Distinctive Number Range (DNR): 222113001 to 333169500
  • ISIN: INE371F01024
  • Company CIN: L51909GJ1982PLC086535
  • Scrip Code: 540829
  • Security ID: CHANDRIMA

Corporate Action Details

This is a bonus issue where existing shareholders will receive additional equity shares in proportion to their existing holdings without any payment. The bonus shares will have the same rights and privileges as the existing equity shares of the company.

Important Dates

  • Deemed Date of Allotment: Friday, October 10, 2025 (Next working date of record date)
  • Effective Listing Date: Monday, October 13, 2025
  • Circular Date: October 6, 2025

Impact Assessment

For Shareholders: Existing shareholders will receive bonus shares credited to their demat accounts. While the number of shares increases, the percentage ownership remains unchanged. The stock price typically adjusts proportionally to reflect the increased share count.

For Market: The bonus issue increases the total outstanding shares of Chandrima Mercantiles Limited, which may improve liquidity in the stock. The action is generally viewed positively as it signals company confidence and makes shares more affordable to retail investors.

Company Information

Chandrima Mercantiles Limited

Impact Justification

Bonus issue affects existing shareholders through additional share allotment but does not involve cash consideration or material business changes