2 Small Cap Companies To Likely Announce Buyback And Bonus Shares

Buybacks and bonus shares are both lucrative for investors in the sense that in a share buyback investors if willing can tender their shares and earn a premium for the shares held as buybacks are usually made at a higher price than the market price. Likewise, bonus shares though do not increase the value of the shareholding, work to the advantage of shareholders by way of more shares. So, here are the 2 companies that will likely announce Buyback and bonus shares

Birlasoft

The small cap IT company Birlasoft in it exchange filing on May 18 intimated that "In continuation to the intimation made by Birlasoft Limited ("Company") dated May 16, 2022, about the meeting of the Board of Directors of the Company being scheduled to be held on May 23, 2022 and in accordance with the Regulations 29(1)(b) and 29(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, at the
aforesaid meeting, the Board of Directors will also be considering a proposal of buyback of equity shares of the Company and the matters necessary and incidental thereto, in accordance with the applicable provisions under the Companies Act, 2013".The company's audited and quarterly results will also be announced on the same day.

The shares last traded at a price of Rs.382.95 per share.

 

GMM Pfaudler

The small cap industrial equipments entity in its filing dated May 19, 2022 informed that the board of the company shall meet on May 25 for the following:

Audited Standalone Financial Results and Consolidated Financial Results for the quarter and financial year ended March 31, 2022.

Payment of Final dividend for the financial year ended March 31, 2022, if any; subject to approval of shareholders at the ensuing Annual General Meeting.

Proposal for issuance of Bonus Equity Shares of the Company, subject to requisite approvals and corresponding increase in the Authorised Share Capital, if any.

Disclaimer

The above two stocks are listed for their likely take on the aforementioned corporate actions in upcoming days.