Motherson Sumi Wiring announces record date for 2:5 bonus shares

“This is with reference to our letter dated 30th September, 2022 regarding the recommendation made by the Board of Directors of the company for issue of bonus shares to the shareholders,” the company said in a stock exchange filing today. 5 (five) two bonus equity shares commensurate with the equity shares, subject to the approval of the shareholders of the company. Further, the shareholders of the company have approved the above issue of bonus shares by passing an ordinary resolution through postal ballot, The result of which has been declared by the Company today, i.e. November 5, 2022. In accordance with Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Company has issued notices on Thursday, November 17, 2022 on the issue of ‘Bonus Shares by the Company’. For the purpose of ascertaining the entitlement of the entitled shareholders, the record date has been fixed as ‘.

In Q2FY23, the company reported net revenue from operations of 1,835.21 crore as compared to 1,399.96 crore in Q2FY22 and 1,670.94 crore in Q1FY23, representing a year-on-year growth of 31% and QoQ growth of 9.83%. Company Reported EBITDA As compared to 190 crores in Q2FY23 194 crore in Q2FY22, representing a year-on-year decline of 2%. The company recorded a net profit of 116 crore in Q2FY23, as compared to 133 cr in Q2FY22 and 125 crore in Q1FY23, representing a year-on-year decline of 12% and a QoQ decline of 7%.

Shares of Motherson Sumi Wiring India closed on NSE on Friday 81.10 each, down 0.18% from previous close 81.25. During its previous trading session, the stock recorded a total volume of 5,898,557 shares as compared to the 20-day average volume of 3,040,396 shares. On a YTD basis, the stock has gained 30.91 per cent so far in 2022.