Bonus 4:1! Company Boosts Share Capital from Rs 20 Crore to Rs 100 Crore!
Big Gains for Shareholders as Company Approves 4:1 Bonus Issue!
Jindal Worldwide Ltd. announced a major decision in its board meeting held on March 3, 2025. The company approved the allotment of 80,20,81,600 bonus equity shares with a face value of Rs 1 each. The bonus shares are being issued in a 4:1 ratio, meaning shareholders will receive four additional shares for every existing share they hold.
Paid-Up Capital Expansion
With this bonus issue, Jindal Worldwide's paid-up equity share capital has significantly increased from Rs 20.05 crore to Rs 100.26 crore. The total equity shares of the company now stand at 100.26 crore, up from 20.05 crore shares. The new shares will rank equally with the existing equity shares, providing uniform benefits to shareholders.
Eligibility and Record Date
The company had set February 28, 2025, as the record date for this bonus issue. Shareholders whose names were listed in the Register of Members or in the list of beneficial owners on this date are eligible to receive the bonus shares.
About Jindal Worldwide
Founded in 1986 by Dr. Yamunadutt Agrawal, Jindal Worldwide Ltd. is a leading player in the textile sector and the flagship company of the Ahmedabad-based Jindal Group. The company is the largest fully integrated denim fabric manufacturer in Asia. It also engages in producing premium shirtings, yarn dyeing, bottom weights, and home textiles.
Expanding into Electric Vehicles
Beyond textiles, Jindal Worldwide has diversified into the electric vehicle (EV) sector through its subsidiary, Jindal Mobilitric. The company acquired EV startup Earth Energy in 2022 and is setting up a new manufacturing facility in Ahmedabad to complement the existing Maharashtra plant. This initiative supports the Make in India campaign, with 97 per cent of production being locally sourced.
Conclusion
The 4:1 bonus share allotment demonstrates Jindal Worldwide's robust financial health and commitment to shareholder value. The company’s efforts in the EV market further showcase its strategic approach to diversification and growth.
Disclaimer: This article is for informational purposes only and not an investment advice.