Sayaji Industries Share Price Appears Down 75% at ₹83.75 as Stock Trades Ex-Bonus After 3:1 Issue

Mumbai, 7 October 2025: Sayaji Industries Limited (BSE: 540728) share price witnessed a technical price adjustment today as its shares traded ex-bonus following a 3:1 bonus issue, granting shareholders three additional equity shares for every one held. The company’s stock price appeared down by nearly 75%, now quoting ₹83.75, compared to its pre-bonus close of ₹334.95 on 6 October 2025. This visible decline is purely mathematical, reflecting the increased share count, while the firm’s overall market capitalisation remains unchanged.

Sayaji Industries Limited, headquartered in Ahmedabad, manufactures starch, liquid glucose, and other agricultural-based derivatives used in the food processing and industrial sectors. Listed on the Bombay Stock Exchange (BSE) under code 540728, the company operates in the “Other Agricultural Products” segment with a face value of ₹5 per share. It serves both domestic and international clients, maintaining a steady presence in the agro-industrial value chain.

Sayaji Industries Trades Ex-Bonus After 3:1 Issue, Share Price Adjusts to ₹83.75

The apparent fall in Sayaji Industries’ share price is the result of the company’s 3:1 bonus share issue, effective 7 October 2025. This corporate action quadruples the total outstanding shares, leading to a proportionate price correction, though the shareholders’ overall investment value remains unaffected.

The record date for determining eligible shareholders also falls on 7 October 2025. Prior to this development, Sayaji Industries’ shares closed at ₹334.95 on 6 October 2025, marking the final pre-bonus trading session.

Sayaji Industries Share Price Response: Locked at ₹334.95 During Pre-Bonus Session on October 6

On 6 October 2025, Sayaji Industries’ share price remained steady at its day’s open, high, and low – ₹334.95 – throughout the session, closing at 3:30 p.m. IST. The stock registered a 5.00% rise, gaining ₹15.95 over the previous close. The market capitalisation stood at ₹211.69 crore, with the scrip reaching a new 52-week high of ₹334.95, while its 52-week low was noted at ₹53.00.

The consistent trading range and closing strength reflected investor positioning ahead of the ex-bonus date, as market participants awaited enhanced liquidity from the expanded share base post-issuance.

Technical Adjustment Reflects Bonus Issue Impact, Not Market Weakness

Following the ex-bonus date, Sayaji Industries’ shares began trading at ₹83.75, representing a technical adjustment of nearly 75% from the previous close. This adjustment aligns with the fourfold increase in outstanding shares under the 3:1 bonus ratio.

While the per-share price appears significantly lower, the total market capitalisation and shareholder value remain mathematically unchanged, as the overall company valuation has been distributed across a larger number of shares.

Sayaji Industries’ stock adjustment to ₹83.75 following its 3:1 bonus issue represents a technical recalibration of share value, maintaining the company’s overall market capitalisation and shareholder worth. The move enhances liquidity and reflects the firm’s broader capital expansion strategy without altering its intrinsic value or financial stability.

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