30 Per Cent Returns From 52-Week Low; Board of This NBFC Company Announces 3:1 Bonus Share

The company has a market cap of Rs 445 crore and the stock is up by 30 per cent from its 52-week low of Rs 480 per share.

Shalibhadra Finance Ltd hereby announces that its Board of Directors, in a meeting held on April 24, 2025, has approved a bonus issue of 2,31,66,300 Equity Shares of Rs 10 each, totalling Rs 23,16,63,000, to be issued out of the Company's Free Reserves and/or Securities Premium Account available as of December 31, 2024, in the ratio of 3 (Three) new Equity Shares for every 1 (One) existing Equity Share held on the record date. Consequently, the pre-bonus paid-up equity share capital of Rs 7,72,21,000 (comprising 77,22,100 Equity Shares of Rs 10 each will increase to Rs 30,88,84,000 (comprising 3,08,88,400 Equity Shares of Rs 10 each), utilising Rs 23,16,63,000 from the available Free Reserves and Securities Premium Account balance of Rs 127,62,00,000 as on December 31, 2024.

Incorporated in 1992, Shalibhadra Finance Ltd (SFL) operates as a Non-Banking Financial Company (NBFC) with a strategic focus on rural and semi-urban regions across Gujarat, Maharashtra, and Madhya Pradesh. Through its network of over 42 branches, SFL provides a diverse array of small-ticket asset financing and tailored retail products, including financing for new and used two-wheelers, auto-rickshaws, cars, and consumer durables. With assets under management reaching approximately Rs 130 crore and a customer base exceeding one lakh, the company plays a significant role in facilitating access to finance in these underserved areas.

The company has a market cap of Rs 445 crore and the stock is up by 30 per cent from its 52-week low of Rs 480 per share. Investors should keep an eye on this NBFC stock.

Disclaimer: The article is for informational purposes only and not investment advice.