Introduction:
The auto ancillary stock has announced December 20, 2024, as the Record Date for a 1:1 bonus issue. This move aims to reward shareholders, enhance stock liquidity, and aligns with SEBI regulations, pending necessary statutory and regulatory approvals.
Share Price movement of Bharat Seats Ltd:
On December 5, 2024, Bharat Seats Ltd (BSE: BHARATSE) current price stood at ₹213.75, reflecting a 1.54% rise from the previous close of ₹210.50. The stock opened at ₹211.10, reached an intraday high of ₹217.50, and a low of ₹207.05, with a market capitalization of ₹671.18 crore.
Bharat Seats Ltd announced 1:1 Bonus Shares:
Bharat Seats Limited has announced December 20, 2024, as the Record Date to determine the eligibility of equity shareholders for receiving bonus shares. This announcement aligns with Regulation 42 of SEBI (LODR) Regulations, 2015, ensuring compliance with statutory requirements.
The bonus issue will be in the ratio of 1:1, granting one bonus equity share for every equity share held by eligible shareholders. This initiative aims to reward existing shareholders and enhance the stock’s liquidity in the market.
The decision is subject to necessary statutory and regulatory approvals. Bharat Seats Limited has requested stakeholders to note this update and assured adherence to SEBI regulations while implementing the bonus share issuance.
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Recent news About Bharat Seats Ltd:
On November 8, 2024, Bharat Seats Ltd announced the publication of its Postal Ballot notice in Financial Express and Jansatta, confirming dispatch to members, along with details of remote e-voting and the cut-off date, ensuring regulatory compliance.
Ace investor holding of Bharat Seats Ltd:
Ace investor Sunita Santosh Goenka holds a 1.05% stake in Bharat Seats Ltd, owning 328,466 shares valued at ₹7 crore at the current price of ₹213.80, showcasing confidence in the company’s growth and potential.
Stock performance of Bharat Seats Ltd for Period of 1 week, 6 months and 1 year:
Bharat Seats Ltd has shown consistent stock performance. Over the past week, it gained 3.24%. In six months, the stock rose by 39.9%, and over the past year, it delivered a solid return of 30.2%.
Shareholding pattern of Bharat Seats Ltd:
Summary | Sep-24 | Jun-24 | Mar-24 |
Promoter | 74.60% | 74.60% | 74.60% |
FII | 0% | 0% | 0% |
DII | 0.10% | 0.10% | 0.10% |
Public | 25.30% | 25.30% | 25.30% |
About Bharat Seats Ltd:
Bharat Seats Ltd is a leading manufacturer of automobile seating systems, providing high-quality, ergonomic solutions for two-wheelers, four-wheelers, and tractors. With innovative designs and advanced technology, the company caters to prominent automotive manufacturers in India, ensuring safety and comfort.
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.