Bonus Shares: Microcap FMCG company M Lakhmasi Industries Limited is soon going to announce bonus shares for its shareholders. The Board of Directors of the Company is expected to consider the issue of Bonus Shares at its scheduled meeting on 13th August 2022. The Company’s Board will also consider approving its Q1 financial results at this meeting scheduled on the above date.
inform the Indian Share Market Regarding consideration of bonus shares, the microcap company said, “This is to inform you that a meeting of the Board of Directors
M Lakhmasi Industries Limited (formerly known as Specular Marketing & Financing Limited) is scheduled to be held on Saturday, August 13, 2022 at the Registered Office of the company located at 505 Churchgate Chambers, 5 New Marine Lines, Mumbai, Maharashtra – 400020 . India shall, inter alia, consider and approve the bonus issue of shares.”
The microcap company in its latest exchange filing also informed Indian exchanges that its board of directors will consider, approve and record the company’s standalone unaudited financial results along with limited review report for the quarter ended June 30, 2022. ,
“Further, M Lakhamsi Industries Limited (formerly known as Specular Marketing and Financing Limited) had informed BSE Limited that in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015, the securities of the Company The trading window for the transaction shall be closed w.e.f. 1st July, 2022 to all nominees, associated persons of the Company for the purpose of declaration of unaudited financial results of the Company for the quarter ended 30th June, 2022 and for the purpose of will be opened from company insiders 48 hours after the announcement of the company’s unaudited financial results,” the company said in its exchange filing.
Issuance of bonus shares is a great news for the shareholders of the company as it helps them to increase their stake in the stock based on the proportion in which the bonus shares are issued. This helps the shareholders of the stock to earn at a faster rate than ordinary shareholders who buy the stock after the issue of bonus shares. For example, if a person has bought stock at 100 per and the company declares bonus shares in the ratio of 1:1, in that case the stock of the shareholders will double without a pence as he will get one share for each of his shares. So, its actual input cost will be reduced by 50 per share though he has bought at 100 levels.
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