Garware Technical Fibres Limited has announced the allotment of 7,94,12,676 fully paid-up bonus equity shares on January 6, 2025. This allotment was approved during the company’s Board Meeting. Eligible shareholders received 4 new shares for every 1 existing share (4:1 ratio), with a face value of ₹10 each.
The Record Date for determining eligibility was January 3, 2025. Following this bonus issuance, the company’s paid-up equity share capital has increased to ₹99.27 crore, divided into 9,92,65,845 equity shares of ₹10 each.
This move highlights Garware Technical Fibres’ commitment to rewarding its shareholders and reinforcing investor confidence.
In the meantime, Garware Technical Fibres shares opened at ₹890.00, reaching a high of ₹899.00 and a low of ₹854.80 today. The stock’s 52-week range spans from a low of ₹626.41 to a high of ₹986.39, showcasing significant growth potential.
