Description

Bharat Rasayan Limited announces 1:1 bonus issue and stock split from ₹10 to ₹5 face value per share with record date December 12, 2025.

Summary

Bharat Rasayan Limited (Scrip Code: 590021) has announced a corporate action involving both sub-division of equity shares and a bonus issue. Each existing equity share with face value of ₹10 will be sub-divided into 2 equity shares of ₹5 each. Subsequently, a 1:1 bonus issue will be made, issuing 1 bonus equity share of ₹5 for every 1 existing fully paid-up equity share of ₹5. The record date is December 12, 2025, with deemed allotment on December 15, 2025.

Key Points

  • Sub-division Ratio: 1 equity share of ₹10 face value split into 2 equity shares of ₹5 face value each
  • Bonus Issue Ratio: 1:1 (1 bonus share for every 1 existing share after split)
  • Total Shares After Split: 83,10,536 equity shares of ₹5 each
  • Total Shares After Bonus: 1,66,21,072 equity shares of ₹5 each
  • New ISIN: INE838B01013 (to be allotted)
  • Distinctive Number Range After Split: 1 to 83,10,536
  • Distinctive Number Range for Bonus: 8310537 to 16621072
  • Paid-up Share Capital After Bonus: ₹8,31,05,360

Regulatory Changes

No regulatory changes introduced. This is a corporate action executed under existing regulations governing stock splits and bonus issues.

Compliance Requirements

  • Company to submit requisite documents for credit of bonus shares to depository system by 12 PM on December 15, 2025 (next working day after record date)
  • Bonus shares to be available for trading from December 16, 2025 (next working day after allotment date)
  • No shares kept in abeyance before or after the bonus issue
  • No government holding involved

Important Dates

  • Record Date: December 12, 2025 (Friday)
  • Deemed Date of Allotment: December 15, 2025 (Monday)
  • Trading Commencement: December 16, 2025 (Tuesday)
  • Communication Date: December 3, 2025

Impact Assessment

Shareholder Impact: Existing shareholders will see their shareholding double from the combined effect of the 1:2 split and 1:1 bonus issue. Each original share of ₹10 becomes 4 shares of ₹5 (2 from split, then doubled by bonus).

Market Impact: The stock split improves affordability and liquidity by reducing the price per share. The bonus issue signals company’s confidence and capitalizes reserves without cash outflow.

Capital Structure: Total paid-up capital increases from ₹4,15,52,680 to ₹8,31,05,360 through capitalization of reserves. Outstanding shares increase from 83,10,536 to 1,66,21,072.

Trading Impact: New ISIN will be assigned. Existing shareholders need not take any action as bonus shares will be credited automatically to demat accounts.

Impact Justification

Significant corporate action involving both stock split and 1:1 bonus issue, doubling outstanding shares and affecting all existing shareholders