1:1 Bonus Share, Rs 6/Share Dividend: Small Cap Hotel Stock Postpones Record Date

EIH Associated Hotels Ltd shares today witnessed decline of 2.88% in trade today on BSE to settle at Rs 889.60 per share. EIH Associated Hotels today postponed the record date for Rs 6/- per equity share final dividend and 1:1 bonus share to August 13, 2024 which was earlier fixed as July 29, 2024. EIH Associated Hotels Ltd share offered return of 90% year-to-date and slipped 3.60% in last 1-week. EIH Associated Hotels has a market capitalisation of Rs 2,710.45 crore. More details below:

EIH Associated Hotels Revises Record Date For Bonus Share, Dividend: As per the BSE filing of EIH Associated Hotels issued as on July 18, 2024, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Board of Directors has revised the record date for determining the list of eligible shareholders to receive the Final Dividend for the Financial Year 2023-24 and bonus shares from Monday, 29th July 2024 to Tuesday, 13th August 2024."

This disclosure may also be treated as corrigendum to the Notice of Annual General Meeting to the effect that where record date is appearing as Monday, 29th July 2024 be read as Tuesday, 13th August 2024, added the BSE filing.

EIH Associated Hotels Bonus Share: The company on June 14, 2024 recommended the capitalization of reserves by issuing Bonus Shares in the ratio of 1 (One) fully paid-up bonus equity share of Rs.10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of Rs.10/- (Rupees Ten only) each held by Shareholders of the Company as on the record date, subject to the approval of Shareholders at the forthcoming Annual General Meeting ("AGM") of the Company.

EIH Associated Hotels Dividend: The company on May 24 recommended a final dividend @ 60%, i.e., Rs. 6/- per equity share of face value Rs.10/- each, fully paid up, to the Shareholders for the Financial Year 2023-24.

EIH Associated Hotels Share Performance: The 52-week high price of EIH Associated Hotels share on BSE is Rs 991.50 per share (as on 03/07/2024) and 52-week low price is Rs 418.55 per share (as on 26/10/2023), respectively. EIH Associated Hotels shares offered 71% return in last 1-year, soared 119% in last 2-years, jumped 154% in last 3-years, and rose 169% in last 5-years.

How To Be Eligible For EIH Associated Bonus Share & Dividend? Record date plays key role in declaring eligibility of shareholders for receiving dividend and bonus share. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend or get bonus share announced by the company. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution and bonus rewards. EIH Associated revised record date to August 13, 2024 as the record date for bonus share and dividend.

EIH Associated Hotels Q4: VST announced a surge of 22.88% in net sales to Rs 132.50 crore for the quarter ended March 31, 2024 as against Rs 107.83 crore announced in the corresponding quarter of last year. Its quarterly net profit rose 40.7% to Rs 36.81 crore for March 2024 quarter as compared to Rs 26.17 crore announced in the corresponding quarter of last year. The EBITDA of the company stood at Rs 53.84 crore for March 2024 quarter, up 54.67% from Rs 34.81 crore declared in March 2023. EPS of the company zoomed to Rs 12.08 in March 2024 from Rs 8.59 in March 2023.

Disclaimer: The stock highlights revision in record date for dividend, bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.