Sylph Industries Ltd announced a bonus share issuance in a 5:11 ratio, granting 5 bonus shares for every 11 shares held by existing shareholders. This move aims to enhance liquidity, reward loyal investors, and support long-term value creation.
Sylph Industries Ltd has officially declared the issuance of bonus shares to its equity shareholders in the ratio of 5:11. Shareholders holding 11 shares as on the record date will receive 5 additional shares, enhancing shareholder wealth without diluting control.
This bonus share issue reflects the company’s strong financial position and positive outlook. By capitalizing its reserves and converting free reserves into equity shares, Sylph Industries aims to improve market liquidity and broaden the shareholder base. This strategic move is expected to make the company’s shares more affordable and attractive to a wider pool of investors.
The board of directors approved the bonus share declaration to reward investors for their confidence and to reinforce commitment to shareholder return policies. The exact record date for entitlement will be notified in due course as per regulatory compliance.
Key Highlights:
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Bonus shares declared in the ratio of 5:11 by Sylph Industries Ltd.
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Enhances shareholder wealth by issuing 5 bonus shares for every 11 held.
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Reflects strong financial health and free reserves available for capitalization
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Aims to improve liquidity and attract a broader investor base.
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Record date and detailed instructions to be announced as per NSE/BSE norms.
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Reinforces Sylph’s commitment to shareholder value and growth.
Source: NSE Circular, BSE Circular