ETMarkets.com“It is hereby informed that a Board Meeting of the Company is scheduled to be held on Thursday, 14th November, 2024, inter alia, to consider declaration of interim dividend to the equity shareholders. To consider the proposal for issue of Bonus Shares to the equity shareholders of the company in the ratio, as it may deem fit by way of capitalization of reserves, subject to the shareholders approval,” said the company in a filing to the exchanges.
The company further informed that the record date for the purpose of determining the eligible shareholders is fixed as November 25.
Surya Roshni informed that the company will also be approving their second quarter results in the same board meeting.
In the past 12 months, Surya Roshni has declared equity dividends amounting to Rs 5 per share and at a share price of Rs 688.35, the company’s dividend yield is 0.73%.
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Meanwhile, this will be the first ever instance of the company issuing bonus shares to its shareholders.
Surya Roshni is an Indian multinational company based in Delhi, known for its production of lighting products, LED appliances, fans, kitchen appliances, steel, and PVC pipes. It is recognized as one of the largest branded lighting manufacturers in India.
The shares of Surya Roshni have given 33% returns in the last one year, however, have declined by 13.73% in the current year so far. The same have increased by 12.7% and 22.30% respectively in the last 6 months, as per BSE analytics.
Surya Roshni shares were trading 2% higher at Rs 688.10 on the BSE at 2:30 pm.
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