Bonus Share: Shares fell 40% in a year, now after market close, share split with bonus announced

News Topical, Digital Desk : On Wednesday, another company announced a split and bonus for its investors. The company, included in the BSE Smallcap Index, said in a filing to the stock exchange after the close of trading that its board had approved a split and bonus proposal. The stock has been under pressure for the past year. However, it has seen a recovery in the last few days. Earlier in the session, Bharat Rasayan announced a record date for its split and bonus.

Read the announcement:

Best Agrolife, whose board has approved a split and bonus. The company stated that the board has decided to split each share with a face value of ₹10 into 10 shares with a face value of ₹1 each. The company also announced a bonus share for every 2 shares held. The company stated that the record date for this will be announced separately. In a market update, the company stated that this decision was taken to increase liquidity in the stock and bring it within the purchasing range of more retail investors. The company also stated that it has scheduled the EGM for December 29, 2025, at 12:30 pm. The EGM will be held entirely via video conferencing (VC/OAVM). The cut-off date for e-voting is December 22, 2025. 

How did the stock perform? Small-cap stocks declined for the second consecutive day, falling nearly 2% to close near 390. The stock has seen continuous pressure over the past year, although buying has been recorded from lower levels. The stock's 3-year return is negative 76%, and the stock has fallen nearly 40% in one year. However, after the news of the board meeting, the stock saw a surge, jumping from 300 to 385 within 10 days. The stock's year-long high was 670, which was recorded in December last year. At the end of March, the stock fell below 250. 

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