Bonus Shares This Week: Julien Agro Infratech, Sayaji Industries, And More— Check Record Dates
Bonus Shares This Week: To be eligible for a bonus issue, investors should pay attention to the record date, which is used to determine eligible shareholders.
Julien Agro Infratech Ltd., Sayaji Industries Ltd., and Narmada Macplast Drip Irrigation Systems 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 Julien Agro Infratech Ltd. 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 existing share they hold, subject to shareholder approval. The record date for the same is set as Oct. 6.
The board of Sayaji Industries had recommended an issue of bonus shares in the ratio of 3:1. The record date for the same is set as Oct. 7. This means that shareholders will receive three new fully paid-up equity shares for every existing share they hold, subject to shareholder approval. Similarly, Narmada Macplast Drip Irrigation Systems had recommended an issue of bonus shares in the ratio of 1:1. The record date for the issue is set as Oct. 10.
