FinanceTuesday, November 3, 20261 min read

Bonus issue alert! Choice International to reward shareholders with 1:1 bonus shares. Check details

By Economic Times Markets · Published by Everything Blog

In short

The company coupled its shareholder reward with record financial results for the July-September period of FY27. Consolidated net profit rose by just over 18% to Rs 69.5 crore on a 33% increase in revenue. In addition, operating performance strengthened with EBITDA climbing 32% year-on-year to hit Rs 131 crore. Following the combined announcements, the stock gained nearly 2% during Tuesday trading to reach a high of Rs 764.

Key points

Eligible investors will receive one additional free share for every share owned by the re…: Eligible investors will receive one additional free share for every share owned by the record date.
The company delivered its strongest quarterly operational results to date with EBITDA cli…: The company delivered its strongest quarterly operational results to date with EBITDA climbing 32 percent to Rs 131 crore.
Strong earnings momentum helped shares advance to a daily high of Rs 764 on the NSE.: Strong earnings momentum helped shares advance to a daily high of Rs 764 on the NSE.

Sources checked by our analysis pipeline: 1

This means every shareholder will receive one bonus share for every share held in the company as of the record date. The company will announce the record date for determining shareholders’ eligibility to receive the bonus shares later.

A bonus issue involves a company distributing free shares to existing shareholders from its reserves. It is often viewed as a sign of financial strength and confidence in future growth prospects. While a bonus issue increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and make the stock more affordable, allowing more investors to add it to their portfolios.

Choice International said its board also approved a proposal to increase the company’s authorised share capital from Rs 225 crore, divided into 22.5 crore shares with a face value of Rs 10 each, to Rs 447.80 crore, divided into 44.78 crore shares with the same face value. The proposal is subject to shareholders’ approval.

Also read | Bonus issue alert! Last day to buy this Jhunjhunwala family-backed smallcap pharma stock for 1:1…

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Tone

Positive

In short

Key Points

Eligible investors will receive one additional free share for every share owned by the re…: Eligible investors will receive one additional free share for every share owned by the record date.
The company delivered its strongest quarterly operational results to date with EBITDA cli…: The company delivered its strongest quarterly operational results to date with EBITDA climbing 32 percent to Rs 131 crore.
Strong earnings momentum helped shares advance to a daily high of Rs 764 on the NSE.: Strong earnings momentum helped shares advance to a daily high of Rs 764 on the NSE.

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Finance

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AI Analysis

Tone

Positive

In short

Key Points

Eligible investors will receive one additional free share for every share owned by the re…: Eligible investors will receive one additional free share for every share owned by the record date.
The company delivered its strongest quarterly operational results to date with EBITDA cli…: The company delivered its strongest quarterly operational results to date with EBITDA climbing 32 percent to Rs 131 crore.
Strong earnings momentum helped shares advance to a daily high of Rs 764 on the NSE.: Strong earnings momentum helped shares advance to a daily high of Rs 764 on the NSE.

Topics

Finance

Was this summary useful?

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Bonus issue alert! Choice International to reward shareholders with 1:1 bonus shares. Check details

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