Linc Ltd., a prominent player in India’s stationery market, has announced its first-ever bonus issue and stock split. This significant milestone reflects the company’s commitment to rewarding shareholders and enhancing stock liquidity while underscoring its dedication to shareholder value.
Record Date for Bonus and Stock Split
The company has set December 20, 2024, as the record date. Shareholders must ensure their shares are held in their demat accounts by December 19, 2024, to qualify for the bonus shares and stock split benefits.
Bonus Issue Details
Linc Ltd. will issue a 1:1 bonus, granting one additional share for every share held by existing shareholders. While the record date is set for December 20, 2024, the company has not yet announced when the bonus shares will be credited.
Stock Split Details
The stock split will divide one equity share with a face value of ₹10 into two shares with a face value of ₹5 each. By reducing the price per share, Linc aims to make its stock more affordable and attract a wider investor base.
Significance of the Announcement
This dual corporate action demonstrates Linc’s confidence in its growth prospects. By doubling the number of outstanding shares, the company enhances stock liquidity while maintaining overall shareholder equity. These actions are expected to boost trading activity and improve market accessibility.
About Linc Ltd.
Linc Ltd., formerly known as Linc Pen & Plastics Ltd., and a competitor of DOMS and FLAIR, is one of India’s leading manufacturers of writing instruments, with operations in over 50 countries. Its diverse product portfolio includes ball pens, gel pens, pencils, and other stationery items.
Linc also serves as the exclusive distributor in India for Deli, Asia’s largest stationery brand, and Uni-ball, a renowned Japanese brand by Mitsubishi Pencil Co. Through its commitment to quality and innovation, Linc has solidified its position as a global leader in the stationery industry.
Financial Performance of Link Ltd.
Q2, FY25 Results:
- Total Income: ₹13,728 crore (+3.1% YoY)
- EBITDA: ₹1,630 crore (+12.2% YoY)
- EBITDA Margin: 11.9% (+97 basis points YoY)
- Profit After Tax (PAT): ₹879 crore (+14% YoY)
Linc’s robust financial performance highlights its operational efficiency and resilience in the market, driven by consistent innovation and diversification.
With this landmark bonus issue and stock split, Linc Ltd. reinforces its growth trajectory and strengthens its commitment to shareholder value and long-term market expansion.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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