Vardhman Special Steels, a producer of special and alloy steels in India, will trade ex-bonus on May 26, according to an announcement of a bonus issue of equity shares in proportion of 1:1. The bonus issue will be subject to approval of shareholders of the company. The issuance of bonus shares aims to increase the liquidity of the stock as well as to decrease its stock price to make it affordable for investors. On Thursday, shares of Vardhman Special Steels closed 2.35% lower at INR414 per share on the NSE.