Transformers and Rectifiers (India) Limited (TARIL) has announced the allotment of 1:1 bonus equity shares, effectively doubling its paid-up equity capital. The Allotment Committee of the Board of Directors approved the issuance of 1,50,082,917 fully paid-up bonus shares of ₹1 face value each, bringing the total issued and paid-up equity capital to ₹30,01,65,834 from its pre-bonus capital of ₹15,00,82,917.
The record date for the bonus allotment was February 14, 2025, and shareholders whose names were registered as of this date were eligible for the bonus shares. The newly issued shares will rank pari-passu with the existing equity shares and will carry the same rights, including eligibility for dividends and other corporate benefits.
TARIL, the second-largest transformer manufacturing company in India by capacity, has been a key player in the power, distribution, furnace, and specialty transformers segment. The company operates three advanced manufacturing plants in Ahmedabad, Gujarat and is backed by a skilled workforce of 1,200 employees.
With this bonus issuance, TARIL aims to enhance shareholder value and liquidity in the market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making investment decisions.
