Sikko Industries Announces 1:10 Stock Split and 1:1 Bonus Issue, Shares Surge 14% Oct 23, 2025
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.