Bonus Issue: These 4 small cap stocks set record date for bonus issue this week; Check details

  • Pulz Electronics Ltd, Jayant Infratech Ltd, Captain Pipes Ltd, and 360 One Wam Ltd, formerly known as IIFL Wealth Management Ltd have set their record dates this week.

Dhanya Nagasundaram, MintGenie Team
Published27 Feb 2023, 09:13 AM IST
Small Cap companies set record dates for bonus this week.
Small Cap companies set record dates for bonus this week.(Image by Elf-Moondance from Pixabay)

Four small cap companies, Pulz Electronics Ltd, Jayant Infratech Ltd, Captain Pipes Ltd, and 360 One Wam Ltd, formerly known as IIFL Wealth Management Ltd, which recommended bonus issue of equity share recently, have set their record dates for this week.

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.

Also Read: Explainer | What is a Statutory Bonus?

Pulz Electronics Ltd that develops and manufactures audio systems, solutions, and offers line array-based speaker systems for the cinema, pro-audio, studio and home audio industries, has fixed Wednesday, March 1, 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 1:1.

The company's ex-bonus is the same as the record date.

As per trendlyne data, the company has given has given 2 bonuses since September 26, 2019.

Jayant Infratech Ltd, which is engaged in the field of railway infrastructure development, has fixed Wednesday, March 1, as the record date for the purpose of determining a shareholder's eligibility for the issuing of bonus shares.

The company in an exchange filing, said that the record date has been fixed for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the company in the proportion of 2:1 i.e (two) bonus equity shares of Rs 10 each for every 1 (One) fully paid-up equity share.

The company's ex-bonus is the same as the record date.

360 One Wam Ltd, formerly IIFL Wealth Management Ltd, which is primarily engaged in wealth and asset management services, has fixed Thursday, March 2, 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 1:1.

According to company's exchange filing, the members are eligible for 1 bonus equity share of the company of face value Rs 1 each, for every 1 fully paid up equity share of face value Rs 1 each.

The company's ex-bonus is the same as the record date.

Captain Pipes Ltd, which is engaged in the business of manufacturing and selling of unplasticized polyvinyl chloride (UPVC) pipes and fittings, has fixed Friday, March 3, as the record date for the purpose of of ascertaining the eligibility of the shareholders for bonus issue in the ratio 2:1. The company's ex-bonus is the same as the record date.

Also Read: Understanding the difference between bonus issue and stock split

Understanding bonus shares
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First Published:27 Feb 2023, 09:13 AM IST
HomeMarketsBonus Issue: These 4 small cap stocks set record date for bonus issue this week; Check details

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