Textile stock under ₹15 falls 7% after announcing 1:2 bonus issueTextile stock under ₹15 falls 7% after announcing 1:2 bonus issue

Introduction:

Leading textile company has approved the allotment of 15.87 crore bonus equity shares in a 1:2 ratio, increasing its total share capital. This move aims to enhance shareholder value and boost market liquidity for long-term growth and stability.

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Share price movement of SBC Exports:

On March 11, 2025, SBC Exports Ltd opened at ₹14.02, slightly down from its previous close of ₹14.07. The stock hit a high of ₹14.03 and a low of ₹12.00. By 1:09 PM, it traded at ₹13.13 with a market cap of ₹625.24 crore.

SBC Exports Approves Allotment of 1:2 Bonus Shares:

SBC Exports Limited has approved the allotment of 15.87 crore bonus equity shares in a 1:2 ratio, granting one share for every two held. This decision, made on March 11, 2025, increases the company’s paid-up equity capital significantly.

With the allotment, the company’s total equity share capital rises to ₹47.62 crore, consisting of 47.62 crore shares of ₹1 each. Fractional entitlements have been consolidated and assigned to an independent director, who will sell them and distribute proceeds among eligible shareholders.

This move aims to enhance shareholder value and liquidity in the market. The bonus issue follows SBC Exports’ strategic efforts to strengthen investor confidence and improve stock performance amid ongoing market fluctuations.

Stock performance of SBC Exports for Period of 1 week, 6 months, and 1 year:

SBC Exports Ltd delivered a 9.94% gain over the past week but saw a 40.2% decline in six months. Over the past year, the stock remained relatively stable, slipping just 0.35%, reflecting mixed market performance and investor sentiment.

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Shareholding pattern of SBC Exports:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	64.20%	64.30%	63.60%
FII	0.00%	0.20%	0.00%
DII	0.00%	0.00%	0.00%
Public	35.90%	35.60%	36.40%

About SBC Exports:

SBC Exports Ltd (NSE: SBC), incorporated in 2011, operates in garment manufacturing, manpower supply, and travel services. Initially a trader of handmade carpets, it now boasts integrated production facilities and a wholly owned travel subsidiary, Mauji Trip Limited.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.