Kilitch Drugs India Ltd. and Times Green Energy (India) Ltd. are set to disburse bonus shares to their shareholders in the week ahead. 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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Kilitch Drugs India board had recommended an issue of bonus shares in the ratio of 1:1 new fully paid-up equity shares. This means that shareholders will receive one new fully paid-up equity shares for every one existing share they hold. March 24 is the record date for the same.
Similarly, the board of Times Green Energy (India) had recommended an issue of bonus shares in the ratio of 1:1 new fully paid-up equity shares. This means that shareholders will receive one new fully paid-up equity share for every one existing shares they hold, subject to shareholder approval. The record date for the same is also March 24.
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