Hind Composites: eyes on bonus, stock split

The board of Hindustan Composites will meet on Monday to consider a further issue of shares by way of bonus shares and a proposal for sub-division of the face value of its equity shares. The current face value of the company’s stock is ₹10. Investors will be keen on the bonus and stock split ratios. If approved, it would be the maiden bonus issue from the manufacturer and marketer of industrial products and friction material for auto brake linings.