Hardwn India’s board approves bonus share issue in a 2:5 ratio; shares decline

The company’s board of directors, at a meeting held on Friday, June 5, approved the issuance of bonus equity shares in a 2:5 ratio. This means shareholders holding five equity shares of ₹1 each fully paid up, as on the record date, will receive two bonus shares of ₹1 each fully paid up.

The bonus equity shares will be issued by capitalisation of free reserve or retained earnings and will be subject to the approval of members at the Extraordinary General Meeting (EGM), according to a regulatory filing.

The record date for the same will be informed in due course of time, the filing stated.

At the same meeting, the board of directors approved the proposal to increase its authorised share capital from the existing ₹50 crore, comprising 50 crore equity shares with a face value of ₹1 each, to ₹70 crore, consisting of 70 crore equity shares with a face value of ₹1 each, subject to shareholder approval at the EGM.

Hardwyn India will host its EGM on Friday, July 3. Furthermore, it fixed Friday, June 26, as the cut-off date for remote e-voting for ascertaining the names of the shareholders holding shares either in physical form or dematerialised form who will be entitled to cast their votes electronically in respect of the businesses to be transacted at the EGM, it said.

Hardwyn India stock performance

Despite the development, shares of Hardwyn India declined as much as 2.87% to touch an intraday low of ₹23.62 apiece on the National Stock Exchange (NSE) on Monday, amid a sell-off in the broader market.

At around 11:18 AM, the stock was trading 0.37% lower at ₹24.32 per equity share.

The scrip has lost more than 3% in the past week but gained 44% on a year-to-date basis.

While the stock hit a 52-week high of ₹28.28 per unit on June 1, 2026, it touched a year’s low of ₹10.87 on October 16, 2025.

Hardwyn India has a total market capitalisation of ₹1,187.38 crore as of June 8, 2026, according to data on the NSE.