Three Indian companies have recently announced bonus share distributions, setting their record dates in October. This move is likely to increase the number of shares held by existing shareholders without affecting the company's market capitalization.

Bonus Share Details

Key Points

• Julien Agro Infratech Ltd.: The company's board has recommended a 1:1 bonus ratio. This means shareholders will receive one new share for every existing share they hold.

• Sayaji Industries: With a 3:1 bonus ratio, shareholders of Sayaji Industries will be entitled to three new shares for each existing share in their possession.

• Narmada Macplast Drip Irrigation Systems Ltd.: Similar to Julien Agro Infratech, Narmada Macplast has also recommended a 1:1 bonus ratio.

Important Considerations

1. Shareholder Approval: All these bonus issues are subject to shareholder approval. The companies will need to secure this approval before proceeding with the bonus share distribution.

2. Eligibility: Under India's T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to be eligible for the bonus allotment.

3. Market Impact: While bonus shares increase the number of shares an investor holds, they do not directly impact the company's market capitalization or the total value of an investor's holdings. However, they can potentially improve liquidity and make the stock more accessible to a broader range of investors.

Investors interested in these companies should mark these dates on their calendars and ensure they meet the eligibility criteria if they wish to benefit from the bonus share distributions. As always, it's advisable to consider these corporate actions as part of a broader investment strategy and consult with financial advisors when making investment decisions.

Sayaji Industries has been impacted by a significant corporate restructuring involving Viva Tex-Chem Private Limited. Viva Tex-Chem has completed a merger with two of its wholly owned subsidiaries and transferred a substantial number of Sayaji Industries Limited shares. The move, which was approved by Viva Tex-Chem's board of directors on September 23, 2025, has resulted in an inter-se transfer of 13,15,600 equity shares of Sayaji Industries Limited.

Merger Details

The merger involved Viva Tex-Chem Private Limited and its two wholly owned subsidiaries:

1. Priyam Commercial Enterprises Private Limited
2. Bini Commercial Enterprises Private Limited

Prior to the merger:

• Priyam Commercial held 8,56,400 equity shares of Sayaji Industries
• Bini Commercial held 4,59,200 equity shares

The consolidation of these holdings under Viva Tex-Chem has led to the transfer of a total of 13,15,600 shares.

Regulatory Approval and Disclosure

Key points regarding the regulatory aspects of the merger:

• The merger scheme received approval from the Regional Director North Western Region, Ahmedabad
• Viva Tex-Chem has submitted the necessary disclosure to BSE under SEBI takeover regulations

Implications for Sayaji Industries

While the merger primarily affects the internal structure of Viva Tex-Chem and its subsidiaries, it has implications for Sayaji Industries Limited. The consolidation of shares under Viva Tex-Chem may lead to a more streamlined ownership structure in relation to Sayaji Industries.

Corporate Governance

The timely disclosure of this merger and share transfer demonstrates Viva Tex-Chem's commitment to regulatory compliance and transparency. Such corporate actions often aim to simplify group structures and potentially improve operational efficiency.

Conclusion

This merger represents a significant corporate move for Viva Tex-Chem Private Limited, consolidating its ownership of Sayaji Industries shares. Stakeholders and market observers will likely monitor any potential impacts on Sayaji Industries' operations or governance resulting from this restructuring of ownership.