Bonus issue alert! Choice International to reward shareholders with 1:1 bonus shares. Check details
Choice International has approved a 1:1 bonus issue, its first such corporate action in two years. Under the proposal, shareholders will receive one bonus share for every share held on the record date, which will be announced later. The move will double the number of outstanding shares without changing the companys market capitalisation, while potentially improving stock liquidity and affordability.
Choice International announced that its board of directors approved a 1:1 bonus issue, marking the company's first such corporate action in two years.
This means every shareholder will receive one bonus share for every share held in the company as of the record date. The company will announce the record date for determining shareholders’ eligibility to receive the bonus shares later.
A bonus issue involves a company distributing free shares to existing shareholders from its reserves. It is often viewed as a sign of financial strength and confidence in future growth prospects. While a bonus issue increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and make the stock more affordable, allowing more investors to add it to their portfolios.
Choice International said its board also approved a proposal to increase the company’s authorised share capital from Rs 225 crore, divided into 22.5 crore shares with a face value of Rs 10 each, to Rs 447.80 crore, divided into 44.78 crore shares with the same face value. The proposal is subject to shareholders’ approval.
The bonus shares are expected to be credited to shareholders’ accounts within two months.
Choice International share price
Choice International shares rose nearly 2% to hit the day’s high of Rs 764 apiece on NSE on Tuesday. The stock has gained more than 4% in one week and nearly 5% in a month. However, it is down more than 10% in 2026 so far and 9% over the past year.
Over the longer term, Choice International shares have delivered multibagger returns of nearly 270% over three years. The company has a market capitalisation of around Rs 16,765 crore.
Choice International Q2 earnings
Choice International announced its Q2 earnings today, reporting its strongest-ever quarterly performance, with consolidated revenue rising 33% year-over-year to Rs 379 crore in the July-September quarter of FY27.
Its consolidated net profit, meanwhile, increased a little over 18% year-on-year to Rs 69.5 crore, with a PAT margin of 18.3%. The company’s EBITDA also increased 32% YoY to Rs 131 crore during the quarter under review.
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