scorecardresearchBonus Issue: These 5 small cap stocks set record date for bonus issue this week; Check details

Bonus Issue: These 5 small cap stocks set record date for bonus issue this week; Check details

Updated: 19 Dec 2022, 02:39 PM IST
TL;DR.
  • Sheela Foam Ltd, Nupur Recyclers Ltd, Precision Wires India Ltd, Sarthak Industries Ltd, and Zim Laboratories Ltd sets record dates this week.
Small Cap companies set record dates for bonus and dividend, this week.

Small Cap companies set record dates for bonus and dividend, this week.

Five small cap companies, Sheela Foam Ltd, Nupur Recyclers Ltd, Precision Wires India Ltd, Sarthak Industries Ltd, and Zim Laboratories Ltd, which recommended bonus issue of equity share recently, have set their record dates for this week.

Narmada Gelatines Ltd, has set its record date today for ascertaining members who will be entitled for the special interim dividend in FY23.

Bonus shares are additional shares that a company grants to its existing shareholders. The basic tenet of bonus shares is that they increase the number of shares issued while maintaining a fixed ratio of shares held to shares outstanding.

So, 1:1 ratio means a shareholder will receive one share for every share she/he currently owns under a 1:1 bonus. For instance, if a person has 10 shares, she/he will receive 10 more. These shares are not purchased by the stockholders at any cost.

Sarthak Industries Ltd, engaged in the business of manufacturing of liquefied petroleum gas (LPG) cylinders, has fixed Tuesday, December 20, as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares.

According to company's exchange filing, the members of the company approved a bonus issue in the ratio of 1:3 i.e One new bonus equity share for every three existing fully paid-up equity share. The company's ex-bonus is the same as the record date.

As per trendlyne data, the company has given 1 bonus since December 20.

Sheela Foam Ltd, manufacturer of a range of mattresses, home comfort products, and technical products, has fixed Thursday, December 22, as the record date for the purpose of determining a shareholder's eligibility for the issuing of bonus shares.

According to company's exchange filing, the members of the company approved a bonus issue in the ratio of 1:1 i.e One new bonus equity share for every one existing fully paid-up equity share. The company's ex-bonus is December 21.

As per trendlyne data, has given 1 bonus since December 21.

Precision Wires India Ltd, engaged in the production and sale of winding wires made of copper of all types, has fixed Thursday, December 22, as the record date for the purpose of determining a shareholder's eligibility for the issuing of bonus shares.

According to company's exchange filing, the board on 16th December, has allotted 5,78, 18,115 equity shares of each as fully-paid up bonus equity shares, in the ratio of one equity share for every two (1:2)equity shares, to eligible members whose names appear in the register of members/list of beneficial owners as on December 22. The company's ex-bonus same as the record date.

As per trendlyne data, has given 1 bonus since December 22.

Zim Laboratories Ltd, a pharmaceutical company, has fixed Thursday, December 22, as the record date for the purpose of determining the members who shall be entitled for allotment of bonus equity shares in the ratio of 2 :1.

According to company's exchange filing, the members are eligible for 2 new fully paid-up equity shares of Rs. 10/- each for every 1 fully paid-up equity share of Rs. 10/- each held by the existing members of the company. The company's ex-bonus is December 22.

As per trendlyne data, the company has given 2 bonuses since October 4, 2018.

Nupur Recyclers Ltd, engaged in trading and casting non-ferrous metal scraps, has fixed Friday, December 23 as the record date for the purpose of determining a shareholder's eligibility for the issuing of bonus shares.

The company's in an exchange filing said that subject to the approval of shareholders, the record date has been fixed for the purpose of determining entitlement/ eligibility of sharcholders to receive the bonus shares in the ratio of 1:1 i.e. 1 bonus shares for every 1 fully paid-up Equity Shares of 10/- each held by the member. The company's ex-bonus is the same as the record date.

As per trendlyne data, the company has given 2 bonuses since February 22.

Dividend

Narmada Gelatines Ltd, engaged in the manufacture and sale of gelatin and related products, has fixed December 19, as the record date for the purpose of special interim dividend for FY23. The ex-dividend date is same as the record date. The dividend amount is 100 rupees per share.

As per trendlyne data, has declared 19 dividends since September 6, 2000. In the past 12 months, Narmada Gelatines Ltd. has declared an equity dividend amounting to 10 rupees per share.

A non-recurring, 'one-time' dividend paid by a company to its shareholders is known as a special dividend, and is sometimes referred to as an extra dividend. It is distinct from the ordinary dividend cycle and typically exceeds a company's typical dividend payout.

Article
Stock split vs bonus issue
First Published: 19 Dec 2022, 11:26 AM IST