Bonus stock: This small-cap firm recommends 1:1 bonus issue

Grauer and Weil bonus issue, Grauer and Weil bonus news: Small-cap firm Grauer & Weil (India) has recommended a bonus share in the proportion of 1:1, implying that for every one share held as of the record date, shareholders will get one additional share.

The regulatory filing of the company dated February 26, said, "The Board of Directors of the company, vide its meeting held on February 26, 2024, approved the issue and allotment of bonus shares in the proportion of 1:1 [one (1) new equity share of Re. 1/- (one) each for every one (1) existing equity share(s) of Re. 1/- (one) each held as on the Record Date], i.e., 22,67,05,750 (twenty-two crore sixty-seven lakhs five thousand seven hundred and fifty) equity shares of Re. 1/- (one) each as fully paid up bonus shares."

What is the estimated date by which bonus shares will be credited?

Within two months from the date of the board's approval, subject to completion of the rest of the formalities and approvals as and when required. The aforesaid proposal is also subject to the approval of shareholders and is proposed to be taken through a postal ballot, according to the filing.

Grauer & Weil stock

Grauer & Weil has a 52-week high of Rs 204.8 touched on February 27, 2024, while the company's 52-week low is Rs 88.85 touched on March 3, 2023. Last seen, the company's market capitalisation was Rs 4,366.35 crore.

Grauer & Weil: Past performance

Grauer & Weil shares have rewarded investors with a nearly 100 per cent return in the last 12 months, a period in which the Nifty 50 has rallied over 27 per cent. The stock has risen over 17 per cent in the last month and has gained nearly 50 per cent in the last six months.

What does Grauer & Weil do?

Grauer & Weil is one of the leading players in the general metal finishing industry and in the fields of electroplating, specialty chemicals, and engineering equipment. Grauer & Weil ventured into real estate development in 2005.

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