Bonus shares are similar to dividends doled out as shares to the company's shareholder in a certain proportion. These shares are issued against the company's free reserves and surplus. Likewise, here is a small cap company- Johnson Pharmacare that will issue bonus shares in the ratio of 1:10.
Record date for 1:10 bonus share issuance:
The company in an exchange filing dated March 24, 2022 informed that the Company has fixed Friday, April 8, 2022 as the "Record Date", for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares a Rs . 1/- each for every 10(Ten) existingEquity Share of Rs. 1/- each,
About the company:
Johnson Pharmacare is engaged in the business of wholesale and retail trade of all kinds of pharmaceuticals. Also it is carrying out the business of chemists, druggists, buyers, sellers, agents, distributors and stockiest of all kinds of pharmaceuticals and allied products.
In the December quarter of Fy22, the company posted a net loss of 0.03 crore as against net profit of 0.27 crore in the previous quarter. This loss figure narrowed on a YoY basis with net loss at Rs. 0.05 crore in the corresponding peirod a year ago. The scrip is a penny stock trading last at Rs. 1.17 per share on the BSE.