Inventory market buyers ought to have a watch on the shares of GMM Pfaudler and Uravi T and Wedge Lamps as these shares shall commerce ex-bonus tomorrow. For the reason that document date for bonus share issuance for each shares has been fastened as July 12, these shares will grow to be ex-bonus on July 11—the ultimate day to buy them with a view to qualify for bonus shares—and buyers who purchase the above-stated shares after the ex-date won’t be eligible for bonus shares.
GMM Pfaudler
The Board has stated in inventory change filings that the “Firm had knowledgeable that the Shareholders had vide Atypical decision via Postal Poll authorised issuance of bonus fairness shares within the ratio of two:1 i.e. 2 (Two) fairness shares having face worth of INR 2/- every for each 1 (One) fairness share having face worth of INR 2/- every held by the Shareholders of the Firm. In that regard, please be aware that pursuant to Regulation 42 of the SEBI (Itemizing Obligations and Disclosure Necessities) Rules, 2015, it’s hereby knowledgeable that Tuesday, July 12, 2022, has been fastened because the Report Date for the aim of figuring out the Shareholders who shall be eligible for allotment of bonus fairness shares. Additional, a gathering of the Allotment Committee of Board of Administrators of the Firm is scheduled to be held on Thursday, July 14, 2022 to inter alia contemplate and approve allotment of bonus fairness shares to the eligible Shareholders.”
The inventory gained 0.42 per cent from its earlier shut of ₹4161.30 and closed at ₹4,178.80 on Friday. The inventory has misplaced 11.65% of its worth over the previous 12 months, and it has fallen 15.01 per cent of its worth YTD in 2022.
Uravi T and Wedge Lamps
In its postal poll discover, the corporate has talked about that “Contemplating the current monetary place of the Firm and with a view to capitalize the Securities Premium account and/or Free Reserve and to rationalize the Capital construction of the Firm, the Board of Administrators in its assembly held on Thursday, Might 26, 2022 has proposed to challenge bonus fairness shares within the ratio of 1:1 i.e. 1(One) Bonus Share of Rs. 10/- (Rupees Ten) every for each 1 (One) absolutely paid up fairness share to the shareholders as on document date as could also be determined by the Board of Administrators. The present issued, subscribed and paid-up capital of the Firm shall be elevated as a consequence of capitalization of Rs. 5,50,00,000 (Rupees 5 Crores and Fifty Lakhs solely) from Securities Premium Account, Basic Reserve and / or every other permitted reserves / surplus of the Firm of the Firm for the aim of issuance of 55,00,000 (Fifty 5 Lakhs solely)Bonus Fairness shares credited as absolutely paid-up shares having face worth of Rs. 10/- (Rupees Ten).”
As per the information accessible on Trendlyne, July 12, 2022 has been set because the document date for the bonus challenge and the inventory shall commerce ex-bonus on July 11, 2022.
Supply: Live Mint