Bonus Announcement: Banco Products (india) Ltd. | 30 December 2024

What is a Bonus Share?

Bonus shares, also known as scrip dividends, are essentially free shares given to current shareholders in proportion to their existing holdings. For example, if a company announces a 1:2 bonus issue, shareholders will receive one new share for every two shares they currently hold. Similarly, a 9:1 ratio means that for every one share held, the shareholder will get nine additional shares.

Company	Ratio	Effective From
Banco products (india)	1:1	December 30 2024

Banco products (india)

Banco products (india) which is a leading company in Automobile and Auto Components has announced 1:1 bonus issue for its shareholders, effective, December 30 2024 rewards shareholders. This means that for every 1 share held by an investor, they will receive 1 additional shares at no cost. The bonus issue is a part of the company’s strategy to reward its shareholders by increasing the number of shares outstanding, thus enhancing liquidity in the market.