1:1 Bonus First-Ever Announced by Gujarat-Based Stock: Promoters Waive Their Dividend for Expansion – Don’t Miss Action in This Stock! 1:1 Bonus First-Ever Announced by Gujarat-Based Stock: Promoters Waive Their Dividend for Expansion – Don’t Miss Action in This Stock! Notably, the Promoter Group, which holds 60.18 per cent of the company's shares, has waived its dividend for FY2023-24 to support the company's upcoming expansion plans. Karan Dsij / Saturday, August 31, 2024 / Article rating: 3.9 During its Annual General Meeting, the company approved the issuance of bonus equity shares in the ratio of 1:1, meaning one bonus share of Rs. 2 each for every existing share of the same value held by shareholders as of the record date