Sikko Industries Shares Surge 13.53% After Board Approves Stock Split and 1:1 Bonus Issue

Ahmedabad, October 23: Sikko Industries Limited’s share price witnessed a significant rally today, after the company announced that its board has approved a stock split and bonus issue to improve liquidity and reward shareholders. As of 12:55 PM, Sikko Industries Limited share price was up by 13.53%, or 14.01 points, and was trading at ₹117.52. Until now, the shares have traded within a range of ₹122.70 and ₹108.25. The traded volume stood at 7.21 lakh shares, with the company’s market cap at ₹226 crore. The shares have their 52-week high at ₹122.70 and their 52-week low at ₹60.65.

Sikko Industries Limited is an Indian company that is engaged in the manufacturing and trading of agricultural products. The company was established in 1997 and is headquartered in Ahmedabad, Gujarat. The shares of the company are listed on NSE with the ticker symbol SIKKO.

10-for-1 Stock Split

The company’s board has approved a 10-for-1 stock split (sub-division of shares). This means each existing equity share with a face value of ₹10 will be converted into ten equity shares, and each share will have a new face value of ₹1. Once executed, the authorised share capital of the company will increase from 2.5 crore shares to 25 crore shares. Furthermore, the company’s paid-up share capital will increase from 2.18 crore shares to 21.84 crore shares. This stock split is now subject to approval from shareholders at an upcoming Extraordinary General Meeting (EGM).

1:1 Bonus Issue

Apart from the stock split, the company’s board of directors has also announced a 1:1 bonus issue. This means that once the stock split is executed, shareholders will receive one additional bonus equity share of ₹1 each for every one equity share they hold. This will cause the issuance of 21.84 crore bonus shares. Once executed, the total number of subscribed equity shares and the paid-up capital will double to 43.68 crore shares and ₹43.68 crore, respectively. The company expects to complete this bonus issue within two months of the board’s approval. However, the issue is subject to shareholder approval at the Extraordinary General Meeting (EGM) scheduled for November 13, 2025.

REF: https://nsearchives.nseindia.com/corporate/SIKKO_18102025165146_Outcome_18-10-2025.pdf

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