Shares of Hardwyn India Ltd gained up to 1.7% after the company approved a 2:5 bonus issue.
The stock rose to an intraday high of ₹24.79, compared with its previous close of ₹24.37. The company has a market capitalisation of ₹1,164.92 crore.
Bonus issue approved
Hardwyn India, which manufactures architectural hardware, glass fittings and kitchen and furniture accessories, has approved the issue of bonus shares in the ratio of 2:5.
Under the proposal:
- Shareholders will receive two fully paid equity shares for every five shares held.
- The shares will be issued free of cost.
- The issue will be made by capitalising the company’s free reserves or retained earnings.
For instance, an investor holding 50 shares will receive 20 additional shares, taking the total holding to 70 shares after the bonus issue.
The company has not yet announced the record date. It will be declared separately.
Only shareholders whose names appear in the company’s records on the record date will be eligible for the bonus shares.
The company has also proposed increasing its authorised share capital to support future issuances.
The proposal seeks to raise authorised capital from:
- ₹50 crore comprising 50 crore equity shares of ₹1 each
to
- ₹70 crore comprising 70 crore equity shares of ₹1 each
EGM cut-off date fixed
Hardwyn India has fixed June 26, 2026, as the cut-off date for determining shareholders eligible to participate in remote e-voting for the extraordinary general meeting.
Shareholders holding shares in either physical or demat form on that date will be eligible to vote electronically on the resolutions placed before the meeting.
Financial performance
For the quarter ended March 2026:
- Revenue rose 27.85% to ₹46.41 crore from ₹36.30 crore a year earlier.
- Net profit increased to ₹3.42 crore from ₹1.74 crore.
Other financial indicators include:
- ROCE: 4.7%
- ROE: 3.18%
- Debt-to-equity ratio: 0.02
About the company
Hardwyn India manufactures architectural hardware, kitchen fittings and glass solutions used in residential and commercial projects.
The company said it has:
- More than 60 years of industry experience
- A portfolio of over 1,000 products
- A network of 4,000-plus dealers
- More than 30 marquee clients
TL;DR
Hardwyn India shares gained after the company approved a 2:5 bonus issue. Investors will receive two additional shares for every five shares held, although the record date has not yet been announced.
AI Summary
- Hardwyn India approved a 2:5 bonus share issue.
- The stock rose up to 1.7% following the announcement.
- The record date for the bonus issue is yet to be announced.
- Revenue rose 27.85% in the March 2026 quarter.
- Net profit increased to ₹3.42 crore.
