Bonus Share News: Over 800% Returns! Huge Bonus Share & Stock Split Announced, Record date fixed, Check Details

Bonus Share News: Sunshine Capital Ltd., a small-cap NBFC company, has captured the spotlight with remarkable performance and strategic corporate decisions. On Friday, the company disclosed plans for a bonus share issue and stock split, marking a significant milestone for shareholders. March 11, 2024, has been set as the record date for these transformative actions, signaling a crucial opportunity for investors.

Company Key Metrics

Sunshine Capital's Strategic Moves

In compliance with SEBI regulations and the Companies Act, 2013, Sunshine Capital has announced a bonus share issue and stock split to reward shareholders and enhance market accessibility. The company's decision underscores its commitment to maximising shareholder value and capitalizing on growth opportunities.

Bonus Share Issue

During a board meeting on January 12, 2024, Sunshine Capital's directors approved a bonus share issuance in the ratio of 7:1. This move aims to provide existing shareholders with additional equity shares, reflecting the company's confidence in its growth trajectory and commitment to shareholder welfare.

Stock Split

In addition to the bonus share issue, Sunshine Capital has sanctioned a stock split, involving the sub-division of its equity shares. Each existing equity share with a face value of Rs. 10/- will be split into 10 equity shares with a face value of Re. 1/- each. This strategic decision aims to make the company's shares more accessible to a wider pool of investors, potentially increasing liquidity and market participation.

Financial Performance Highlights

While Sunshine Capital's corporate actions have captured investor attention, the company's financial performance remains a focal point. In the December 2023 quarter, the company reported a significant increase in net sales, amounting to Rs. 70.36 crore, reflecting a remarkable growth of 4103.66% compared to the same period in 2022. However, the net profit for the period witnessed a decline of 67.05%, indicating the need for strategic measures to optimize performance and sustain growth momentum.