Bosch approves a 1:5 split and a 3:1 bonus, so every share becomes 20
The board announced the two moves with its Q2 results on 6 November; both need shareholder approval.
- Split: face value ₹10 → ₹2
- Bonus: 3 for 1 after split
- Indicative close on 6 Nov: ₹50,700 (−3.38%)
What the board approved
On 6 November Bosch Ltd's board approved a sub-division of equity shares from a face value of ₹10 to five shares of ₹2 each (1:5), followed by a bonus issue of three shares for every one held after the split. Together, one existing share becomes 20. Both are subject to shareholder approval by postal ballot, and the authorised share capital is also being raised from ₹38.05 crore to ₹150 crore.
Market reaction
Shares fell 3.38% to an indicative close of ₹50,700 on the announcement day, after hitting a record high on 3 November on speculation. Kotak Neo's report says Q2 net profit grew 19%. A record date has not been announced and the company expects to complete the steps within two months.
