Sikko Industries Announces 1:10 Stock Split and 1:1 Bonus Issue, Shares Surge 14%

1 min read Updated on 23 Oct 2025, 10:19 AM

Reviewed by

Naman SharmaScanX News Team

Overview

Sikko Industries, a pesticide manufacturer listed on NSE, has approved a 1:10 stock split and a 1:1 bonus issue, to be implemented within 3 and 2 months respectively, subject to shareholder approval. The announcement led to a 14% rally in share price since Friday, with the company's market cap reaching Rs 240.00 crore. However, Sikko faces regulatory scrutiny, placed under NSE's Long Term Additional Surveillance Measure Stage 1. Additionally, a Hong Kong-based creditor has filed a case at NCLT Ahmedabad, claiming a Rs 6.56 crore payment default.

*this image is generated using AI for illustrative purposes only.

SIKKO Industries , a pesticide manufacturer listed on the National Stock Exchange (NSE), has announced significant corporate actions that have sparked investor interest. The company's board has approved a stock split and a bonus issue, leading to a notable rally in its share price.

Corporate Actions Details

Action	Details	Timeline
Stock Split	1:10 (From Rs 10 to Rs 1 face value)	Within 3 months, subject to shareholder approval
Bonus Issue	1:1 ratio	Within 2 months

Market Response

The announcement has triggered a positive market response:

Share price rallied over 14% since Friday's closing
10% jump observed on Thursday
Current market capitalization stands at Rs 240.00 crore

Company Overview

Sikko Industries specializes in the manufacture and export of:

Bio-agro chemicals
Pesticides
Fertilizers
Seeds
Related products

Regulatory Measures

The NSE has placed Sikko Industries under its Long Term Additional Surveillance Measure Stage 1, citing market buzz as the reason.

Legal Challenges

A Hong Kong-based creditor has filed a case at the National Company Law Tribunal (NCLT) Ahmedabad, alleging a payment default of Rs 6.56 crore by Sikko Industries.

The announced corporate actions, particularly the stock split and bonus issue, appear to be significant moves by Sikko Industries. These decisions often aim to increase stock liquidity and reward shareholders. However, the company also faces challenges, including regulatory scrutiny and legal action from a creditor. Investors should consider both the potential benefits of the corporate actions and the ongoing legal and regulatory issues when evaluating this stock.

Historical Stock Returns for SIKKO Industries