Rajeshwari Cans Ltd, a leading maker of printed circular tobacco packaging containers, has announced a 1:1 bonus issue. This means shareholders will get one fully paid equity share for every share they own. The company has set December 19, 2024, as the record date to identify eligible shareholders for this action.
Bonus Issue Details
In a regulatory filing under SEBI (LODR) Regulations, 2015, the company stated that its Board of Directors approved the bonus issue on October 30, 2024. To fund the new shares, the company will use ₹5.24 crore from its retained earnings and securities premium. Each equity share will have a face value of ₹10.
The company has also asked shareholders to approve increasing its authorized share capital from ₹10.5 crore to ₹11 crore, reflecting its growth plans.
About Rajeshwari Cans
Founded in 2018, Rajeshwari Cans Ltd specializes in making printed tin containers and MS drums. These are mainly used for packaging tobacco, snuff, and other products. The company’s product line includes containers ranging from 50 grams/milliliters to 5 kilograms/liters. It also produces MS drums with capacities between 5 and 30 kilograms to meet diverse packaging needs.
As of September 2024, the company’s promoters held a 61.57% stake, while the general public owned 38.43%.
Financial Performance
Rajeshwari Cans has delivered strong financial results in recent years:
Half-Yearly FY25 Results (H1FY25 vs H1FY24):
- Net Sales: ₹19.65 crore (up 27.3%)
- Net Profit: ₹1.06 crore (up 63%)
Annual FY24 Results (FY24 vs FY23):
- Net Sales: ₹34.58 crore (up 6%)
- Net Profit: ₹1.33 crore (up 25.5%)
By issuing bonus shares, Rajeshwari Cans shows its commitment to rewarding shareholders and improving stock liquidity. With its strong financial growth and a solid position in the packaging industry, the company is set for future expansion.
Disclaimer: This article is for informational purposes only and does not provide investment advice.
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