1:2 Bonus share: Textile stock jumps after it sets record date for bonus issue

During Tuesday’s trading session, the shares of a company engaged in trading and manufacturing of garments, along with manpower supply and & tour operator services surged nearly 2.4 percent on BSE, after the company’s Board fixed the record date for a bonus issue in a 1:2 ratio.

Price Movement

With a market capitalisation of Rs. 610.5 crores, the shares of SBC Exports Limited closed in the green at Rs. 19.23, up by around 1 percent, as against its previous closing price of Rs. 19.04.

The stock has delivered negative returns of nearly 19 percent in the last one year, as well as around 15 percent returns in the last one month.

What’s the News

According to the latest regulatory filings with the stock exchanges, SBC Exports Limited announced fixing the record date for the issue of bonus shares in a 1:2 ratio on Tuesday, 4th March 2025.

On 24th January 2025, the Board of SBC Exports approved the issuance of bonus shares in a 1:2 ratio, meaning that eligible shareholders will receive 1 new fully paid-up equity share of Rs. 10 each for every 2 existing fully paid-up equity share of Rs. 10 each held as on the record date.

Also read: Infra stock under ₹15 in focus after commissioning 12.5 MW solar power project in Gujarat

Recent News

22nd February: SBC Exports secured a work order worth Rs. 11.13 crores for providing Manpower Outsourcing Services by the Higher Education Department Delhi through Guru Gobind Singh Indraprastha University.

Financials

SBC Exports reported a significant growth in its revenue from operations, showing a year-on-year rise of 38.5 percent from Rs. 52 crores in Q3 FY24 to Rs. 72 crores in Q3 FY25. 

Similarly, its net profit increased during the same period from Rs. 2.87 crores to Rs. 3.6 crores, indicating an impressive growth of around 25.4 percent YoY.

About the Company

Incorporated in 2011, SBC Exports Limited is engaged in the business of trading and manufacturing of garments, manpower supply services and tour operator services.

Written by Shivani Singh

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