Sampre Nutritions Announces Bonus Issue and Stock Split

Sampre Nutritions has announced board-approved plans for a bonus issue and equity share split. With an agreement for a potential Rs 30 crore revenue and deals with Tolaram Wellness and Rama Exports, the company aims to enhance its nutraceutical and food products manufacturing capabilities.

Sampre Nutritions, a prominent player in health and confectionery products, has unveiled strategic plans to optimize its equity structure. On Saturday, the company announced board approval for a bonus issue alongside a split of its equity shares. This move is poised to bolster its market standing.

The board authorized the subdivision of one equity share valued at Rs 10 into two shares of Rs 5 each, signaling an effort to increase stock liquidity and accessibility for investors. Furthermore, Sampre Nutritions disclosed intentions for a 1:1 bonus issue, offering shareholders an additional share for each fully paid share they hold.

The company has earmarked Rs 21.55 crore from its Rs 59.86 crore in free reserves to accommodate this. With its recent partnership with Tolaram Wellness and a production agreement with Rama Exports, Sampre aims to solidify its presence in the nutraceutical and food sector, which portends significant growth prospects.

(With inputs from agencies.)