Balmer Lawrie will consider a share buyback proposal, a bonus issue through shares, splitting of shares, and a dividend, while announcing its financial results for the March quarter on May 21.
In case Balmer Lawrie Investments announces a bonus issue and share buyback, this would be the first such instance for the company doing so as a public company.
The companies issue bonus shares to capitalise on their free reserves, increase their Earnings Per Share (EPS) and paid-up capital, along with reducing the reserves. Shareholders are issued these shares at no additional cost and hence are also known as free shares.
Only those investors will be eligible for bonus shares who will buy the stock before the ex-date. If an investor purchases the shares on the ex-date or after that, they will not be eligible to get bonus shares.
The company had carried out a stock split in 2024, where it had split one equity share carrying face value of ₹10 into 10 equity shares carrying face value of ₹1 each.
A stock split is generally considered by a company to increase its outstanding shares, and also improve trading liquidity by making the stock more affordable to its shareholders.
The recommended of dividend on the equity shares of the company for the financial year ended on March 31, 2025, if any, would be paid to the shareholders within 30 days from the date of such declaration.
Shares of Balmer Lawrie Investments Ltd. were trading 1.07% higher on Wednesday at ₹73.62. The stock is down 12% in the last six months, while its down 2% so far in 2025.
First Published:Â Apr 30, 2025 1:35 PM IST
