24:1 Bonus Share Alert: 24 Free Shares on Every 1 Share Hold; Scrip Locked in Upper Circuit & 52-Week High

The Board of Directors of Apis India Limited approved several key corporate actions, most notably recommending a bonus Share issue in the ratio of 24:1, meaning 24 new fully paid-up equity shares of Rs 10 each for every 1 existing share, to be issued from the company's free reserve/retained earnings available as of March 31, 2025. This proposal, along with an increase in the Authorised Share Capital from Rs 13.30 crore to Rs 140 crore, is subject to the approval of the company's shareholders via a postal ballot. As a result of the bonus issue, the company's paid-up share capital is projected to increase significantly from Rs 5,51,00,760 (55,10,076 shares) to Rs 137,75,19,000 (13,77,51,900 shares), with the shares expected to be credited or dispatched to eligible shareholders by December 12, 2025.

Apis India Ltd, incorporated in 1983, is a company primarily focused on honey processing and the manufacturing of various other edible products. Beyond its specialised honey range, which includes varieties like ginger, lemon, and organic honey, the company has expanded its product profile to include items such as tea, cookies, preserves, mixed vegetable pickles, dates, and ginger-garlic paste.

The company has a market cap of Rs 451.5 crore with a PE of 17x, an ROE of 15 per cent and an ROCE of 14 per cent. In FY25, the company reported net sales of Rs 350 crore and net profit of Rs 25 crore. The stock has given multibagger returns of over 200 per cent from its 52-week low of Rs 267.05 per share.

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