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Hardwyn India, a provider of kitchen, door, glass, wardrobe and sliding hardware solutions, has announced a bonus issue in the ratio of 2:5 for its shareholders.In an exchange filing released on Friday, Hardwyn India said that its board of directors met on June 5 to consider and approve the issuance of “bonus equity shares in the ratio of 2:5 i.e., 2 bonus equity shares of Rs 1 each fully paid-up for every 5 equity shares of Rs 1 each fully paid-up held by the shareholders of the company as on the record date, by capitalization of free reserves/retained earnings, subject to the approval of members in Extraordinary General Meeting”.Along with the bonus issue, Hardwyn’s board also approved increasing the company’s authorised share capital from the existing Rs 50 crore, divided into 50 crore shares with a face value of Rs 1 each, to Rs 70 crore, divided into 70 crore equity shares with a face value of Rs 1 each. Also read: Why is the stock market crashing today?The Extraordinary General Meeting (EGM) where the bonus issue will be voted on is scheduled for July 3 this year. The company set June 26 as the cut-off date to determine who can vote in the EGM.Hardwyn India bonus issue record dateAs part of the bonus issue, the company proposed to issue nearly 19.54 crore new shares for its shareholders, using its free reserves or retained earnings, which stood at Rs 19.65 crore at the end of the financial year 2026.The record date to determine the eligibility of shareholders for the 2:5 bonus issue is yet to be announced. Hardwyn said that the bonus issue is expected to be dispatched within two months of the board’s approval, that is, by August 4.A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add shares of the company to their portfolio.Anand Rathi names Hardwyn India as its pick of the monthAnand Rathi Investment Services named Hardwyn India as its pick of the month in its report dated June 2, highlighting that the stock is currently trading near its 20 DEMA support. “Additionally, the DMI indicators are positively aligned, while the ADX is placed at 32, reflecting strong trend strength and supporting the possibility of further upside momentum,” it said.“Therefore, traders may consider accumulating the stock in the Rs 24.50–25.50 zone, with a stop-loss at Rs 22.50. On the upside, the stock has the potential to move towards the Rs 30 target in the near term, provided it sustains above the mentioned support levels,” it added. The target price implies an upside potential of nearly 23% from the stock’s previous closing price of Rs 24.41 apiece.Hardwyn India share priceHardwyn India shares declined nearly 1% to trade at Rs 24.21 apiece, at around 11.05 am on Monday. The stock has fallen around 4% in five days and 2% in one month. Overall, the shares of the company are, however, up over 44% in 2026 so far.Also read: Nestle among Nuvama's top 5 consumer picks after Q4 earnings season. Do you own any?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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HDFC Mutual Fund restricts lumpsum subscriptions in its gold ETF and fund of fund

HDFC Mutual Fund has restricted lumpsum investments in its gold ETF and fund of fund - HDFC Gold ETF and HDFC Gold ETF Fund of Fund with effect from June 8 and June 5 respectively.The fund house informed its unitholders that it has decided to temporarily restrict lumpsum subscriptions in HDFC Gold ETF and HDFC Gold ETF Fund of Fund until further notice.Also Read | ET Alpha Wealth Summit: India could unlock a $5 trillion export opportunity through FTAs, says Saurabh Mukherjea In HDFC Gold ETF, subscription transactions by large investors directly with HDFC Mutual Fund (i.e. investing minimum Rs 25 crore) shall not be accepted from the effective date. In HDFC Gold ETF FoF, lumpsum purchases /switch-ins into the FOF shall be processed only upto a limit of Rs 10 lakh per PAN per calendar month (at first holder level). This limit shall apply in respect of transactions received after cut-off time (3:00 PM) on June 5.It further said that all other terms and conditions of the schemes will remain unchanged. This addendum shall form an integral part of the SID / KIM of the schemes as amended from time to time.Launched on December 28, 2022, HDFC Gold ETF had an AUM of Rs 69.72 crore as of April 30, 2026. In the last one year, the fund lost 4.01% and since its inception it has given a CAGR of 8.27%.Also Read | ET Alpha Wealth Summit: Future alpha may emerge from neglected markets and asset classes, says Kalpen Parekh HDFC Gold ETF FoF was launched on November 1, 2011 and had an AUM of Rs 11,464 crore as of April 30. In the last one year, it gave a return of 57.05% and since its inception it has given a return of 11%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.

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