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Surya Roshni Ltd has informed that it will issue bonus shares to its shareholders. The company has made this announcement along with the September quarter results. Surya Roshni will issue one free share for every one share held by the shareholders on the record date. That is, the company will issue bonus shares in the ratio of 1:1. The record date for the bonus issue of shares has not been fixed yet. This is the first bonus issue by the company to its shareholders.
Apart from this, the company also declared a dividend
of Rs 2.5 per share, for which the record date has been fixed as November 29, 2024. Last year, Surya Roshni had a stock split, in which it announced that it would split one share with a face value of Rs 10 into two shares of Rs 5 each. Surya Roshni's income declined by 20 per cent in the September quarter as compared to last year, while EBITDA declined by 40 per cent. The company's profit also declined by 55 per cent year-on-year. Talking about the company's stock, on Monday, the company's stock closed at Rs 582.15, down 10.92 per cent. In the last one year, the company's stock has seen an increase of 15.16 per cent.
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