Bonus Stocks in October 2022: With the arrival of the month of October, Indian Industries has completed half of the financial year 2022-23 and now they have started Q3FY23. However, this month would also be the start of the earnings season as listed companies are expected to release their quarterly numbers after the end of Q2FY23. Hence, equity investors are expected to remain vigilant about the company’s performance as good results lead to declaration of dividend, bonus shares etc. However, some companies have already announced reward to their long-term investors from their reserves.
Here are 5 companies that will issue bonus shares this month:
1] Jonjua Overseas: The BSE-listed small-cap has set October 3, 2022 as the record date for the issue of bonus shares and the shares will trade without bonus on the same date i.e. October 3, 2022. The BSE-listed company with a market cap of ₹ 6 crore has already announced bonus shares in the ratio of 4:23, which means 4 bonus shares for every 23 shares held by its shareholders.
2] Yug Decor: As per the information available on the BSE website, the BSE listed small-cap stock will trade on a no-bonus basis on October 3, 2022. The company has revised its record date to October 3, 2022. According to the information available on the BSE website, “The Company revised the ‘Record Date’ i.e. Monday, October 3, 2022 (instead of Friday, September 30, 2022) to determine the Eligible Shareholders entitled to receive Bonus Shares as approved at the 19th Annual General Meeting (AGM) of the Company held on September 20, 2022.” The company declared bonus shares in the ratio of 1:2, i.e. one bonus share for every two shares held by its shareholders.
3] Asian Hotels (East): The small-cap stock with a market capitalization of ₹ 397 crore will trade on a non-bonus basis on October 6, 2022. The company’s board has set October 7, 2022 as the cut-off date for issuing bonus shares in the ratio of 1:2.
According to information available on the BSE website, “The Board of Directors of the Company at its meeting on an even day, inter alia, fixed the Decisive Date as Friday, October 7, 2022 for determining the names of the shareholders of the Company. who will be entitled to the allocation of: a) bonus shares of the Company in a ratio of 1:2, i.e. one fully paid bonus share for every two shares held in the Company (as of the Decision Date).”
4] Ruchira Papers: Small-cap shares will trade without bonus on 7th October 2022 as the board of directors of the company has fixed 10th October 2022 as the cut-off date for issuing bonus shares. The paper company has already declared bonus shares in the ratio of 1:10, i.e. one bonus share for every 10 shares held by shareholders.
