Shish Industries has proposed to issue 2 fully paid-up equity shares of INR10 each for every 1 fully paid-up equity share held by shareholders as on the record date. The firm will issue 2.27 crores equity shares as part of the bonus announcement. Bonus equity shares will be issued out of free reserves created out of profits and securities premium accounts. Bonus shares increase stock liquidity, making it affordable for investors. Shish Industries manufactures plastic containers and packaging solutions, and its stock has risen by 153% this year, delivering multibagger returns.