Synopsis: GEE Ltd is back in focus after it announced that its board will consider the issuance of bonus shares in the ratio of 1:1, and also increasing its authorized share capital.
The shares of this leading welding consumables and allied equipment manufacturer are in focus post the announcement of a bonus issue and an increase in authorized share capital. In this article, we will dive more into the details.
With a market capitalization of Rs 464 crore, the shares of GEE Ltd made a day high of Rs 178.40 per share (upper circuit), up 5 percent from its previous day closing price of Rs 169.95 per share. Over the past five years, the stock has delivered an impressive return of 603 percent.
About the news
Gee Limited held a board meeting on August 29, 2025, where they gave the green light for a 1:1 bonus issue. This means that for every existing share a shareholder has, they’ll receive one fully paid-up equity share with a face value of Rs. 2.
In total, 2,59,88,466 new shares will be issued, which will increase the company’s paid-up share capital from Rs. 5.19 crore to Rs. 10.39 crore. The bonus shares will come from the company’s securities premium and/or general reserves. They’ll announce the record date for eligible shareholders soon, and the bonus shares are expected to be credited by October 28, 2025, pending shareholder approval.
Additionally, the board approved a hike in the company’s authorized share capital from Rs. 10 crore to Rs. 15 crore by increasing the number of equity shares from 5 crore to 7.5 crore, each with a face value of Rs. 2.
This decision is aimed at facilitating the bonus issue and supporting the company’s plans for raising capital, which will also need the nod from shareholders at the upcoming AGM.
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Financial Highlights
The company reported a revenue of Rs 79.18 crore in Q1 FY26, down by 4 percent from its Q1 FY25 revenue of Rs 82.09 crore. On a quarterly basis, it decreased by 10 percent from Rs 87.97 crore.
Coming to its profitability, it reported a net profit of Rs 98 lakh in Q1 FY26, down 63 percent from Rs 2.64 crore in Q1 FY25. On a quarterly basis, it posted a loss of Rs 15.08 crore.
Gee Limited, established in 1960 and located in Thane, India, specializes in the production and sale of a diverse array of welding consumables, both domestically and internationally. Their product lineup features welding electrodes, copper-coated wires, flux-cored wires, welding fluxes, brazing wires, and low heat input electrodes, catering to a variety of industrial needs.
Written by Satyajeet Mukherjee
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