Best Agrolife Ltd saw its shares rise more than 5% today after the company’s Board of Directors approved a major stock split along with a generous bonus issue. The announcements have boosted investor sentiment, with the market reacting positively to the company’s move to enhance liquidity and broaden retail participation. As of 9:32 AM, the shares were trading 5.73% higher at Rs 411.20.
1:10 Stock Split Approved
The board has cleared a stock split in which:
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One equity share of face value ₹10 each will be subdivided into
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Ten equity shares of face value ₹1 each
This move will increase the number of shares in circulation and make the stock more affordable for smaller investors. The split will take effect after shareholders approve it at the EGM, and the company will announce the record date in due course.
1:2 Bonus Share Issue Announced
In another significant development, Best Agrolife approved issuing one bonus share for every two existing shares (1:2 ratio). The bonus shares will also have a face value of ₹1 each, aligning with the post–stock-split structure.
The bonus issue is aimed at rewarding shareholders and strengthening long-term investor engagement. Like the stock split, this too will require shareholder approval at the upcoming EGM.
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