1:4 Bonus Issue: 1 Penny Stock, 3 Smallcaps To Turn Ex-Bonus This Week; Do You Owny Any?

Bonus shares: 1 penny stock and 3 small-caps will be in focus this week as they will turn ex-bonus this week. These are Vivanta Industries, Shilchar Technologies, JTL Industries and Sunrise Efficient Marketing. While Vivanta is set to issue bonus shares in the ratio of 1:4, the rest of them will issue 1:1 bonus equity shares each.

Bonus shares are issued in a certain proportion only to the existing shareholders free of cost. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.

Here are the key details of these bonus equity shares along with their ex-bonus dates:

Vivanta Industries:

This penny stock will trade ex-bonus in September for its bonus shares in the ratio of 1:4.

As per the regulatory filing, the company will issue bonus Equity shares in the proportion of 1 (One) new fully paid-up equity share of Re 1/- each for every 4 (Four) existing equity shares of Re 1/- each for the financial year ended March 31, 2023, if approved by the Members at the ensuing Annual General Meeting.

It said that the record date to ascertain the eligibility of shareholders entitled to bonus shares is set on September 05, 2023.

Last week, on Friday, Vivanta shares ended at Rs 6.19 apiece, up by 3.51% on BSE.

Vivanta has been a front-runner in the Turnkey Projects field for more than a decade. Vivanta caters for its expertise in conceptualization, design, installation, and commissioning for pharmaceutical manufacturing plants, nutraceuticals & ayurvedic manufacturing plants, solar projects, industrial parks, surgical projects, agro-based fertilizer projects and setting up research & development among others.

2. Shilchar Technologies:

The company has fixed September 6 as the record date to determine the eligibility of shareholders for the issuance of Bonus Equity Shares in the ratio of 1:1.

Hence, the stock will turn ex-bonus on September 6 as well.

Simply put, the company will issue 1 (One) new fully paid up equity shares of Rs 10/- each for every 1 (one) fully paid up existing equity share of Rs 10/- each held, subject to the In Principal approval of the BSE Limited.

Last week, on Friday, the stock ended at Rs 3,232.35 apiece, flat compared to the previous session's Rs 3,265 apiece on BSE.

Shilchar Technologies is one of India's prominent manufacturers of Electronics telecom and Power and distribution transformers. The company caters to a wide section of industrial segments from utility to the renewable energy sector and individual retail customers across the globe.

3. JTL Industries:

Smallcap stock will be turning ex-bonus on September 7 as the company determines the eligible shareholders for the bonus shares in the ratio of 1:1 on this day as well.

JTL will issue one new bonus equity share of Rs. 2/- each for every one existing equity share of Rs. 2/- each.

On BSE, JTL shares ended at Rs 417.55 apiece, up by 2.43% on Friday. The stock also touched a new 52-week high of Rs 422.05 apiece on this day as well.

JTL Industries is one the largest producers of Electric Resistance Welded (ERW) steel pipes including one of the largest section pipe & tube manufacturers in India, with a capacity to produce more than 6 Lakh Metric Tonnes per annum. It caters extensively to the region and exports to various countries globally.

4. Sunrise Efficient Marketing:

The company fixed September 9 as the record date for the purpose of determining the eligibility of Members for allotment of bonus equity shares in the proportion of 1:1.

Since September 9 is a holiday due to the weekend, the company's shares will turn ex-bonus on September 8.

To eligible shareholders, the company will issue 1 bonus equity share of Rs 10/- each for every existing 1 equity share of Rs 10/- each.

Sunrise Efficient share price closed at Rs 227.85 apiece, up by 0.71% on BSE during last week's Friday session.

Sunrise Efficient Marketing Limited previously known as Sunrise Marketing and services was established in the year 2002. The company has strategically added new feathers to its cap in terms of expanding infrastructure, the addition of new business lines, and collaborating with different industry leaders.

The company is amongst India's leading stockiest / dealer/channel partners for various well-known companies. The company keeps huge stocks of all types of IE 2 and IE 3 grade Induction motors, power transmission products such as worm and helical gear boxes, LED lighting fittings, all types of Lubricants such as Hydraulic oil, gear oil, and thermic fluid, industrial pumps, chemical pumps to meet the delivery commitments.