Shivalik Bimetal proposes 2:1 bonus, declares Rs 2 interim dividend; record date Nov 13

• Interim dividend rate: Interim dividend @100% i.e. Rs. 2/- per equity share
• Face value: Equity shares of Rs. 2/- (Rupees Two) each
• Number of shares for dividend: 57604200 equity shares of Rs. 2/- (Rupees Two) each
• Dividend record date: Friday, November 13, 2026
• Dividend payment / dispatch date: On or before 03rd December, 2026
• Bonus issue type: Bonus Issue of equity shares
• Bonus ratio (board outcome letter): 2:1, i.e., Two (2) bonus equity share of face value of Rs. 2/- each for every one (1) fully paid-up equity share of face value of Rs. 2/- each
• Bonus ratio (Annexure – A table): 2 (Two) equity share of Rs 2/- each for every 1 (one) existing equity shares of Rs.2/- each held as on a record date
• Total bonus shares / amount (Annexure – A): Rs. 23,04,16,800/- divided into 115208400 Equity Shares of Rs. 2/- each
• Pre-bonus paid-up share capital: Rs. 11,52,08,400/- divided into 5,76,04,200 equity shares of Rs. 2/- each
• Post-bonus paid-up share capital: Rs. 34,56,25,200/- divided into 17,28,12,600 equity shares of Rs. 2/- each
• Free reserves required for bonus: Rs. 23,04,16,800/-
• Free reserves and securities premium available (as on March 31, 2026): Rs. 23,04,16,800/-
• Source of bonus shares: Out of retained earnings (free reserves) as per the audited financial statements for the year ended 31st March 2026
• Estimated date for credit / dispatch of bonus shares: Within two (2) months from the date of approval by the Board of Directors i.e., on or before 02nd January, 2027
• Record date for bonus: To be announced in due course

According to point 3 of the board's outcome letter, the Board has fixed Friday, November 13, 2026, as the "Record Date" for ascertaining the eligibility of shareholders for the payment of interim dividend for the F.Y. 2026-27. Shareholders whose names appear in the company’s register of members or in the records of depositories as beneficial owners as on Friday, November 13, 2026, will be eligible to receive the interim dividend of Rs. 2/- per equity share. The company states that the dividend shall be paid / dispatched on or before 03rd December, 2026.

The bonus issue is described in point 4 of the board's outcome letter and detailed in Annexure – A. The Board has approved the issue of bonus equity shares in the ratio of 2:1, i.e., Two (2) bonus equity share of face value of Rs. 2/- each for every one (1) fully paid-up equity share of face value of Rs. 2/- each, held by the members of the Company as on the record date. The letter states that “The record date for determining the entitlement of the members of the Company to receive bonus equity shares will be announced in due course.”

This means that investors who hold fully paid-up equity shares of Rs. 2/- each as on the bonus record date (to be notified later) will be entitled to receive 2 (Two) equity share of Rs 2/- each for every 1 (one) existing equity shares of Rs.2/- each held as on a record date, as per the bonus ratio disclosed in Annexure – A.

The company states in point 4 of the board's outcome letter that the bonus issue will be carried out “by capitalising a sum not exceeding Rs. 23,04,16,800/- (Rupees Twenty Three crore Four Lakhs Sixteen Thousand Eight Hundred only) out of the retained earnings of the Company, subject to the approval of the members of the Company.”

In Annexure – A, the company discloses that:

• The total number of securities proposed to be issued is described as “Rs. 23,04,16,800/- divided into 115208400 Equity Shares of Rs. 2/- each”.
• The free reserves and/ or share premium required for implementing the bonus issue is Rs. 23,04,16,800/-.
• As on March 31, 2026, the aggregate amount of free reserves, and securities premium account is Rs. 23,04,16,800/-, and the company confirms these figures are audited.

The board's outcome letter makes clear that the bonus issue is subject to the approval of the members of the Company. To obtain this, the Board has approved:

• Alteration to the Capital Clause (Clause 5) of the Memorandum of Association to increase the authorised share capital from Rs. 15,00,00,000/- (Rupees Fifteen crore only) to 40,00,00,000/- (Rupees Forty crore only), subject to member approval.
• Convening of an extraordinary general meeting (“EGM”) of the Company on Wednesday, the 16th Day of December 2026 at 10.30 AM through video conferencing/ other audio-visual means (VC/ OAVM) for the purpose of issuing bonus equity shares and making alteration to the existing Capital Clause of Memorandum of Association.

In Annexure – A, the company states that the estimated date by which such bonus shares would be credited/dispatched is “Within two (2) months from the date of approval by the Board of Directors i.e., on or before 02nd January, 2027.”

The company has not yet announced the record date for the bonus issue; it will be communicated separately.

While the board's outcome letter and Annexure – A provide detailed terms, amounts and process for the interim dividend and bonus issue, they do not separately set out a narrative rationale section. However, the documents state that the bonus equity shares will be issued out of the retained earnings (free reserves) as per the audited financial statements of the Company for the year ended 31st March 2026, indicating that the capitalisation is based on existing free reserves.