1:2 Bonus Shares: Last Day To Buy Today To Confirm Eligibility, Bonus Bonanza + Bullish Chart = Buy Signal?

Bright Outdoor Media Limited, a well-known brand in India's advertising sector with 45 years of experience, was founded in 1980 and has its headquarters in Andheri, Mumbai. The record date for bonus shares has been set by Bright Outdoor Media's Board of Directors, and it falls on Friday, July 18. Investors have to purchase the stock at least one trading day prior to the ex-date in order to be eligible for bonus shares, as the ex-date and record date coincide. This follows the T+1 settlement cycle, which is employed in India. Here, you have to purchase shares by Thursday, July 17, 2025, at the latest, as shares bought on that day will be credited to your demat account by July 18 under the terms of the T+1 settlement. This certifies you as an official shareholder on the record date for Bright Outdoor Media's 1:2 bonus share allocation.

Bright Outdoor Media Bonus Shares

The company's Board of Directors announced in a meeting on May 29, 2025, that 72,74,390 equity shares of Rs. 10/-each, totaling Rs. 7,27,43,900 fully paid-up, would be issued as 1:2 bonus equity shares, meaning that the company would issue one fully paid-up equity share for every two fully paid-up existing equity shares held on the record date.

Bright Outdoor Media Bonus Shares Record Date

"Pursuant to provisions of Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has fixed Friday, 18th July, 2025 as Record date for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares," said Bright Outdoor Media in a stock exchange filing.

Bright Outdoor Media News

At its meeting on Saturday, July 12, the Board of Directors of Bright Outdoor Media Limited approved the appointment of Mr. Mukesh Sharma as the company's CEO. Additionally, the board approved the company's strategic expansion into the following areas: Television, Print, and Radio Campaigns, Public Relations, Digital & Social Media Management, Events & Exhibitions, Celebrity & Talent Management, Mall and Retail Media, Cinema and In-Film Branding, Multiplex & Mall Branding, Ad Film Production, BTL Activations, Public Relations & Corporate Gifting Solutions, as per a regulatory filing.

Bright Outdoor Media Share Price Target

"Bright Outdoor is trading in a strong upward trajectory, having recently broken out above key resistance zones. The stock is now approaching the next resistance near ₹590-₹600. Sustained buying above ₹600 could lead to a further rally toward ₹630-₹650. On the downside, immediate support lies at ₹550, followed by ₹525. The trend remains firmly positive, and traders may consider buying on dips or above ₹600 with a stop-loss below ₹545 for a potential upside move," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.