Gujarat Toolroom Share Price in Focus; Under 5:1 Bonus Issue, 1.16 Billion Shares to Be Allotted

Gujarat Toolroom has seen a decline of 1.31% in its share price, trading at ₹12.09 at 10:45 AM on the NSE, down by ₹0.16 from the previous close of ₹12.25. The stock opened at ₹12.20 and fluctuated between a low of ₹11.11 and a high of ₹12.24 during the session.

The stock’s volume-weighted average price (VWAP) stands at ₹11.74. The upper and lower price bands for the stock are ₹13.47 and ₹11.03, respectively, reflecting a 10% price band range.

Bonus Shares Offer by Gujarat Toolroom

Gujarat Toolroom declared a 5:1 bonus issue, offering five equity shares of ₹1 each for every 1 existing equity share of ₹1 each held.

A total of 1,16,03,28,150 shares will be allotted to shareholders on February 19, 2025, just two days from now. This announcement was made on February 14, 2025, as per the company’s letter.

Gujarat Toolroom’s Delay in Financial Results

The company stated in a press release on the stock exchanges that it could not submit its financial results for the quarter ended December 31, 2024, within the stipulated timeline under SEBI (LODR) Regulations, 2018.

Despite their best efforts, the delay was primarily caused by challenges in gathering accurate data from subsidiaries and the complexities involved in consolidating the financials. Additionally, a temporary vacancy in a key managerial position further impacted internal operations and reporting.

The company assured that it is making all efforts to finalize the results and will submit them as soon as they are approved by the Board. It also requested that no adverse action be taken, emphasising its commitment to addressing the challenges promptly and maintaining transparency with stakeholders.

On February 11, 2025, Gujarat Toolroom Ltd notified the BSE that a meeting of the Board of Directors is scheduled for February 14, 2025. “The meeting will primarily focus on considering and approving the unaudited financial results for the quarter ended December 31, 2024, along with the limited review report,” it said in a press release on the stock exchanges.

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