Ahmedabad 07 January 2025 – Jindal Worldwide Ltd., a leading name in the textile industry renowned for weaving quality and trust for over three decades, has announced a landmark decision to reward its shareholders. The Board of Directors, at their meeting held today, approved the issuance of bonus equity shares in the ratio of 4:1, marking a significant milestone in the company’s journey of innovation and excellence.
As per the approved plan, shareholders will receive 4 (four) fully paid-up equity shares of ₹1/- each for every 1 (one) existing fully paid-up equity share of ₹1/- each held as on the record date, which will be announced soon. The bonus shares will be issued by capitalizing the company’s free reserves and/or securities premium account.
This move underscores Jindal Worldwide Ltd.’s unwavering commitment to creating value for its stakeholders, reflecting the company’s robust financial health and confidence in its future growth.
The bonus share issue announced by Jindal Worldwide Ltd. will be in the ratio of 4:1, meaning shareholders will receive 4 new fully paid-up equity shares for every 1 existing share held. Each share will have a face value of ₹1/-, and the primary purpose of this initiative is to reward shareholders while enhancing market liquidity.
Speaking on the occasion, a spokesperson from Jindal Worldwide Ltd. said, “This bonus issue is our way of thanking our shareholders for their continued trust and support. Over the past 30 years, we have grown from strength to strength, embracing innovation and excellence. This step reinforces our vision to create long-term value for all stakeholders.”
Jindal Worldwide Ltd. has consistently stayed ahead of industry trends with its state-of-the-art technology, cutting-edge research facilities, and a commitment to delivering superior-quality fabrics to both domestic and international markets.
Financial Highlights:
Revenue for Q2 FY24 stood at ₹567.59 crores, an increase from ₹520.43 crores in Q1 FY24, contributing to a total revenue of ₹1,859.36 crores for FY23-24.
Net Profit remained stable at ₹17.47 crores for Q2 FY24 compared to ₹17.43 crores in Q1 FY24, totaling ₹70.03 crores for FY23-24.
Earnings Per Share (EPS) for FY23-24 stood at ₹3.49, while the Cash EPS was ₹4.53, reflecting the company’s operational efficiency.
Operating Profit Margin (OPM) and Net Profit Margin (NPM) stood at 8.00% and 3.77%, respectively, for FY23-24, showcasing Jindal Worldwide Ltd.’s ability to maintain profitability while expanding its revenue base.
The Board also approved an increase in the company’s Authorized Share Capital to facilitate this bonus issue, along with other agenda items.
With this development, Jindal Worldwide Ltd. not only strengthens its market position but also reaffirms its dedication to fostering shareholder wealth and trust, which have been the cornerstone of its remarkable journey.
For more details on the bonus issue and upcoming announcements, please stay tuned to the company’s official communications.
