GEE Ltd., Paushak Ltd., Shilpa Medicare Ltd. are companies that are all set to disburse bonus shares to their stakeholders.
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.
The board of GEE Ltd. had recommended an issue of bonus shares in the ratio of 1:1 new fully paid-up equity shares. The record date for the same is set as Oct. 3. This means that shareholders will receive one new fully paid-up equity share for every existing share they hold, subject to shareholder approval.
The board of Paushak Ltd. had recommended an issue of bonus shares in the ratio of 3:1. The record date for the same is set as Oct. 3. This means that shareholders will receive three new fully paid-up equity shares for every existing share they hold, subject to shareholder approval.
Similarly, Shilpa Medicare Ltd Ltd. had recommended an issue of bonus shares in the ratio of 1:1. The record date for the issue is set as Oct. 3.
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