Hardwyn India Limited — Important, 30-12-2024: General Updates

The Board of Directors of Hardwyn India Limited has allotted 13,95,52,587 fully paid Bonus Shares to existing shareholders in a ratio of 2:5. This issue is based on the record date of December 27, 2024. Following this allotment, the paid-up equity share capital will stand at ₹48.84 crore, comprising 48,84,34,054 equity shares of ₹1 each. Any fractional shares resulting from this allotment will be managed by the Board, with proceeds from their sale to be distributed pro-rata among shareholders. This move bolsters shareholder value, potentially enhancing the company’s market attractiveness.