Bharat Rasayan board approves 1:1 bonus issue and share split

Agrochemical company Bharat Rasayan Ltd on Friday (October 24) announced that its board of directors has approved a stock split and a 1:1 bonus issue of equity shares, subject to shareholder approval.

The company will subdivide its existing 41.55 lakh equity shares of ₹10 each into 83.10 lakh equity shares of ₹5 each, fully paid-up. The rationale for the split is to enhance share liquidity, widen the shareholder base, and make shares more affordable for small investors.

Following the split, the authorised share capital will remain unchanged at ₹20 crore, now comprising 4 crore equity shares of ₹5 each. The issued, paid-up, and subscribed capital will continue to total ₹4.16 crore, represented by 83.10 lakh shares of ₹5 each. The completion of the sub-division is expected within two months from shareholder approval, subject to statutory requirements.

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The board also recommended a 1:1 bonus issue, meaning one new fully paid-up equity share of ₹5 will be issued for every existing equity share of ₹5, subject to shareholder consent. A bonus issue committee has been constituted to handle all matters related to the issue.

A total of 83.10 lakh bonus equity shares of ₹5 each will be issued, taking the company’s post-bonus share capital to ₹8.31 crore, divided into 1.66 crore equity shares of ₹5 each.

The bonus shares will be issued out of the Free Reserves and Capital Redemption Reserve available as of March 31, 2025, amounting to ₹1,10,246.64 lakh. Of this, ₹4.16 crore will be capitalised for the bonus issue. The company stated that the bonus shares will be credited or dispatched within two months from the date of Board approval, i.e., on or before December 23, 2025.

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Shares of Bharat Rasayan Ltd ended at ₹11,725.00, up by ₹99.00, or 0.85%, on the BSE.Read about our editorial guidelines and ethics policy