Three small cap companies, Bharat Agri Fert & Realty Ltd, Artemis Electricals and Projects Ltd, and Avance Technologies Ltd, have set record dates this week for the purpose of determining eligibility of shareholders for sub-division/split of face value of equity shares.
A stock split occurs when a company issues extra shares to its existing shareholders while reducing the face value of each share by a predetermined ratio. For instance, if the ratio is 1:5, then the shareholders will receive 5 shares for every share they own.
Bharat Agri Fert & Realty Ltd, engaged in the business of construction and development of residential and commercial complex, manufacturing of fertilizers and operating resort, has fixed Thursday, March 30 as the record date, to decide on the eligibility of shareholders entitled for sub-division of 1 equity share of face value of ₹10 each fully paid-up to 10 equity shares of ₹1 each.
According to trendlyne data, the company had last split the face value of its shares from ₹10 to ₹1 in 2016.
The ex-split date for the stock is Wednesday, March 29.
Artemis Electricals and Projects Ltd, which is engaged in the business of manufacturing and trading light-emitting diode (LED) lighting and LED lighting accessories, has fixed Friday, March 31 as the record date , to decide on the eligibility of shareholders entitled for sub-division in face value of equity shares of ₹10 to Re 1 each.
As per trendlyne data, the company had last split the face value of its shares from ₹10 to ₹1 in 2016.
The ex-split date for the stock is similar to its record date.
Avance Technologies Ltd, which is engaged in the trading of information technology products, has fixed Friday, March 31 as the record date, to decide on the eligibility of shareholders entitled for sub-division of 1 equity share of face value of ₹10 each fully paid-up to 2 equity shares of ₹5 each.
According to trendlyne data, the company had last split the face value of its shares from ₹10 to ₹5 in 2016.
The ex-split date for the stock is similar to its record date.
Bonus
Innovana Thinklabs Ltd, which is engaged in the software and application development business, has fixed Thursday, March 30, as the record date for the purpose of ascertaining the eligibility of shareholders entitled for bonus in the ratio 1:1.
The company's ex-bonus date for the stock is Wednesday, March 29.
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.
