For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

2 Bonus Issue & 1 Split Share To Watch In May 2022

Keeping a watch on corporate actions is a vital responsibility for shareholders since typical corporate actions include dividend payments, stock splits, financial results, bonus share issues, share buybacks, rights issues, and so on. So, in order to keep BLS International Services Ltd and Vikram Thermo India Ltd shareholders informed, the companies will declare bonus shares in May, whilst Black Box Ltd will announce a stock split. Until now, these three upcoming corporate actions are worth keeping an eye on if you own any of the stocks.

BLS International Services Ltd

BLS International Services Ltd

The company's Board of Directors announced a bonus issue of equity shares in the proportion of 1:1. The record date has been set for 17th May 2022 and the stock will go ex-bonus on 13-05-2022. Whereas, on April 28, 2022, BLS International Services declared that a meeting of the company's Board of Directors would be conducted on Saturday, May 07, 2022, to declare the financial results of the company for the quarter and year ended March 31, 2022, and to recommend final dividend, if any, for the fiscal year 2021-22.

The company has said in a stock exchange filing that "In compliance with Regulations 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company will be held on Saturday May 07, 2022, inter alia, to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on March 31, 2022, along with Report of the Statutory Auditors thereon and to recommend final dividend, if any, for the F.Y. 2021-22, amongst other matters."

On the NSE, the stock has risen from Rs 89.75 to Rs 361.50 in a year, resulting in a multibagger return of 302.79 per cent. On Friday's closing session, the stock closed at a market price of Rs 361.50, a -7.00 (-1.90 per cent) drop from the previous close of Rs 368.50.

Vikram Thermo India Ltd

Vikram Thermo India Ltd

The company stated on 20/04/2022 that it has set Friday, May 13, 2022 as the record date for determining the eligibility of shareholders entitled to the issue of bonus shares in the proportion of 4:1. The stock shall turn ex-bonus on 12-05-2022.

In a stock exchange filing the company has said that "In terms of regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has fixed Friday, May 13,2022 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 4 ( four) Equity Shares of Rs. 10/each for every 1 (one) existing Equity Share of Rs. 10/- each, subject to the approval of shareholders which is being obtained through Postal Ballot."

Vikram Thermo (India) Ltd is a small-cap company with a market capitalization of Rs 174.76 Crore that operates in the pharmaceutical industry. The stock closed at a market price of Rs 278.65 on Friday, a gain of +8.45 (3.13 per cent) over the previous closing price of Rs 270.20.

Black Box Ltd

Black Box Ltd

The company's Board of Directors declared on April 26, 2022, that the split of equity shares will take place on May 17, 2022. The company has informed BSE by saying that "Pursuant to Reg. 42 of the Listing Regulations and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Tuesday, May 17, 2022 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub‐division /split of each equity share having face value of Rs.10/‐ (Rupees Ten only) each, fully paid‐up into five (5) equity shares having face value of Rs.2/‐ (Rupees Two only) each fully paid‐up."

Black Box is an IT solutions company that provides corporations all over the world with advanced technological solutions and consulting services. On the BSE, the stock closed at Rs 788.70 on Friday, a -7.45 (-0.94 per cent) decline from the previous level of Rs 796.15.

Story first published: Sunday, May 1, 2022, 12:43 [IST]
Read more about: stocks bonus shares stock split

Advertisement

Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X