Bonus Shares in October 2022: After the arrival of the month of October, we have completed half of FY 2022-23 and now we have entered Q3FY23. However, this month will also be the start of the results season as after the end of Q2FY23, listed companies are expected to make their quarterly figures public. Hence, stock investors are expected to be cautious about the company’s results as good results declare dividends, bonus shares, etc. However, some companies have already announced rewards from their reserves for their long-term investors.
Here we are giving the list of 5 companies which are going to release bonus share this month:
1]Jonjua Overseas: The BSE listed small-cap stock has fixed 3rd October 2022 as the record date for issue of bonus shares and the stock will trade ex-bonus on the same date i.e. 3rd October 2022. BSE listed company whose market cap is 6 crore has already declared bonus shares in the ratio 4:23, which means 4 bonus shares for every 23 shares held by its shareholders.
2]Era Decoration: As per the information available on BSE website, BSE listed Small-cap stock is going to trade ex-bonus on 3rd October 2022. The company has revised its record date to 3 October 2022. As per the information available on the BSE website, “In order to determine the shareholders eligible to receive the Bonus Shares approved at the 19th Annual General Meeting (AGM) of the Company, the Company has set the ‘Record Date’ i.e. Monday, October 3, 2022 (Friday, 30 September, 2022) instead of September 20, 2022.” The company has declared bonus shares in the ratio of 1:2 i.e. one bonus share for every two shares held by its shareholders.
3]Asian Hotels (East): Small-cap stock with a market cap of 397 crores going to ex-bonus business on 6th October 2022. The Board of Directors of the Company has fixed October 7, 2022 as the record date for issue of Bonus Shares in the ratio of 1:2.
As per information available on the BSE website, “The Board of Directors of the Company in its even date meeting fixed the record date as Friday, October 7, 2022 for inter alia prescribing the names of the equity shareholders of the Company. Who will be entitled to allot: a) Bonus Equity Shares of the Company in the ratio of 1:2 i.e. one fully paid Bonus Equity Share (as on record date) for every two Equity Shares held in the Company.
4]Ruchira Papers: The small-cap stock is going to trade ex-bonus on 7th October 2022 as the Board of Directors of the company has fixed 10th October 2022 as the record date for issue of Bonus Shares. The paper company has already declared bonus shares in the ratio of 1:10 i.e. one bonus share for every 10 shares held by the shareholders.
5]Work Facilities and Services: The Company has fixed Wednesday, October 12, 2022 as the record date for the purpose of ascertaining the eligibility of the shareholders for issue of Bonus Shares in the ratio of 1:1 i.e. 1 (one) Bonus Equity Shares. 10.00 each fully paid up for every 1 (one) existing equity shares INR 10.00 each fully paid-up (ie in the ratio of 1:1) held by the shareholders.
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