The Board has cleared the sub-division of each existing equity share of face value ₹4 into two equity shares of face value ₹2 each, fully paid-up.
In addition, it approved a 1:1 bonus issue, granting one bonus share of ₹2 for every one share of ₹2 held by shareholders as on the record date. The record date for both actions will be announced separately, with implementation subject to shareholder approval via postal ballot.
This will be the second such instance of the company issuing free shares to its shareholders.
Back in 2022, Nazara Technologies had issued a 1:1 bonus for its shareholders, meaning those eligible received one free share for every one share that they held.
Shares of Nazara Technologies have gained only 2% in the last one month, but have risen close to 40% so far this year. The stock also trades close to its 52-week high of ₹1,436.
Ahead of the announcement, shares of Except Technologies closed at ₹1,418.00, up 1.18% today on NSE.
First Published: Aug 12, 2025 6:32 AM IS
