- Anand Rathi Wealth Ltd board will meet on April 9, 2026, to consider bonus shares
- This would be the company’s second bonus share issue in just over a year
- Bonus shares were last issued on March 5, 2026, in a 1:1 ratio
Anand Rathi Wealth Ltd.'s board is set to meet to consider a proposal for issuance of bonus shares to the shareholders of the company, as per an exchange filing on Monday.
The meeting of the board of directors has been scheduled on April 9, 2026, the filing underlined.
"In furtherance to our intimation dated 30th March, 2026, regarding proposed Board Meeting scheduled to be held on Thursday, i.e. 09th April, 2026, this is to inform you that the Board of Directors in its meeting inter-alia would also consider a proposal for Issuance of Bonus Shares to the shareholders of the Company," the filing stated.
If approved, this is the second time in over a year that the company will be issuing bonus shares to its shareholders. On March 5, 2026, the company had issued bonus shares in the ratio of 1:1.
Bonus shares are additional, free shares issued by a company to existing shareholders based on their current holdings, utilising retained earnings to increase liquidity. While the number of shares increases, the total investment value remains the same, as the share price drops proportionally.
To be eligible for a bonus issue, investors should pay attention to the record date, which is used to determine eligible shareholders.
The company announces this date in advance, and only those who hold the shares in their demat account as of this record date will be eligible for the bonus allotment.
Under India's T+1 settlement cycle, investors must buy the shares at least one trading day before the record date to be eligible. This means that purchases made on the record date itself will not reflect in the demat account in time.
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Anand Rathi Share Price
Anand Rathi's stock traded nearly 3% higher at Rs 3,300 after the announcement on the NSE. This compared to a 1.12% advance in the Nifty index. Intraday, the share price rose as much as 3.14% to Rs 3,309 apiece.
The shares closed 2.83% higher at Rs 3,299.
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