This means it will issue nine new bonus shares of ₹10 each to eligible shareholders on the record date for every existing equity share of ₹10 each.

The company said it will notify eligible shareholders of the registration date in due course.

Sky Gold, which currently has a market capitalization of over ₹ 5,000 crore, had earlier issued bonus shares at 1:1 ratio in 2022; This means one free share for each one owned.

Its shares are up more than 256% so far this year. However, it should also be noted that the company is in Phase 4 within the framework of Additional Surveillance Measures (ASM).

A stock in ASM stage 4 requires each trade to be settled separately and not netted from other trades, requires full upfront margin, and price range is limited to 5% on each side.

Sky Gold shares closed 1.04% lower at ₹3,550 per piece on Friday, October 25. The stock has gained 39.06% in the past month, 228.01% in the last six months, 256.23% so far this year, and 394.26% in the past year. .

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