1:1 Bonus Issue, Rs 6/Share Dividend: Small Cap Auto Ancillaries Stock Sets Record Date

Shares of small cap auto ancillaries sector stock, G N A Axles Ltd gained 2.19% on BSE intraday on July 21 after the company fixed record date for 1:1 bonus share and Rs 6 per equity share dividend. Last trading price of G N A Axles share is Rs 935.65 per share on BSE. G N A Axles shares delivered 446% return in last 3-years. Check details below:

G N A Axles Sets Record Date For Dividend: As per the BSE filing of G N A Axles dated July 21, 2023, "The Company has fixed August 11%, 2023 as record date for for the purpose of payment of Dividend @ Rs. 6/- per Equity Share on the Pre Bonus Capital othe Company i.e Rs. 6/- per Equity Share on 2,14,65,400 Equity Shares of the Company."

G N A Axles Fixed Record Date For Bonus Share: According to the exchange filing of the company dated July 21, 2023, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Friday, August 11, 2023 as the Record Date for determining eligibility of the shareholders for issuance of Bonus Equity Share of the Company in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 1 (One) existing Equity Shares of Rs. 10/- each, subject to the approval of shareholders which is being obtained through Postal Ballot."

G N A Axles Dividend History: GNA Axles declared 5 dividends since September 6, 2018. In the last 1-year, GNA Axles announced an equity dividend amounting to Rs 5.00 per share. If the current share price of G N A Axles is taken into consideration, it offers a dividend yield of 0.53%, as per Trendlyne.

G N A Axles Recent Financial Performance: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 374.91 crore, down 2.41% from preceding quarter total income of Rs 384.16 crore. It announced its recent quarter net profit after tax at Rs 33.13 crore.

G N A Axles About: GNA is amongst the world's leading manufacturers of automotive transmission components. The world's top OE manufacturers are amongst its customers. It works with its customers to engineer products that provide optimum performance to driveline system in a wide range of automotive application, according to its official website.

Disclaimer: The stock highlights bonus issue and dividend 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 ay losses. Please consult a professional advisor.