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Titan Biotech Bonus: Own More Shares Soon!
20 Oct
Summary
- Shareholders have until Oct 23 to be eligible for a 1:4 bonus share issue.
- The company will issue 1,03,29,625 bonus equity shares.
- Titan Biotech reported a 53% profit increase in Q1 FY27.
Titan Biotech shareholders have a deadline of October 23 to ensure their eligibility for the company's upcoming 1:4 bonus issue. For every four existing shares held by the record date, shareholders will receive one additional fully paid-up equity share. The company plans to issue 1,03,29,625 bonus shares.
The board has set October 26 as the deemed date for allotment, following shareholder approval on September 29, 2026. These new shares are anticipated to be available for trading starting October 27, adhering to SEBI guidelines. The company will utilize nearly Rs 2.07 crore from its reserves for this distribution.
This bonus announcement coincides with a robust financial performance in the first quarter of FY27. Titan Biotech recorded a 53% rise in standalone net profit, reaching Rs 94.6 crore, with revenue up 29% to Rs 609.8 crore. Consolidated net profit also saw a significant increase of 58%.
