Auto components maker Bharat Forge today said its board has recommended issue of bonus shares to the equity shareholders in the ratio of 1:1.

The board of directors has recommended issue of bonus shares to holders of equity share in the ratio of 1:1, that is one bonus equity share of Rs 2 each for one equity share of Rs 2 each held, the company said in a BSE filing.

The recommendation is subject to the shareholders approval through postal ballot, it added.

Further, the company said it will also seek the shareholders approval for increase in authorised share capital of the company.

The stock was trading at Rs 1,184, up 1.38 per cent on BSE