Yes, that is correct. Yug Decor Limited has recommended a bonus issue of 15 shares for every 100 shares held by the shareholders as on the record date. This means that a shareholder holding 100 shares of Yug Decor will get 15 bonus shares, free of cost.
The bonus issue is subject to the approval of the shareholders and other regulatory approvals. The record date for the bonus issue will be announced by the company in due course.
The bonus issue is a positive development for Yug Decor shareholders as it will increase their holding in the company without any additional investment. It will also improve the liquidity of the shares and make them more attractive to investors.
Here are some of the reasons why Yug Decor might have announced a bonus issue:
- To improve the liquidity of the shares and make them more attractive to investors.
- To reward shareholders for their continued support.
- To boost the company’s image and reputation.
- To conserve cash and avoid issuing new shares.
The bonus issue is a good sign for Yug Decor and it is likely to be well-received by the shareholders. It will help to increase the company’s share price and improve its financial performance.