2 Small Cap Stocks To Soon Credit Bonus Shares: Check Record Date & By When They Will Be Credited

Bonus shares is the reward which shareholders of a company get for their holding in the listed company. Bonus shares are hence issued in a certain proportion and shareholders need not pay any amount for the same. So, if its a 2:1 bonus share issuance, you will be allotted 2 shares against the 1 share you hold in the entity. Likewise, there are 2 small companies set out to issue bonus shares. Here are the details below:

1. GMM Pfaudler:

 It is an industrial equipments from the small cap space with a m-cap of Rs. 6351.45 crore. GMM Pfaudler is the leading technologies, systems and services provider for the chemical and pharmaceutical industries, as well as many others. The company is into designing, manufacturing, installing and servicing corrosion-resistant equipment and complete chemical process systems.

Earlier on May 25, board of the company recommended bonus shares in the ratio of 2:1 i.e. 2 shares for every 1 share held.

Now company in an exchange filing on June 30, 2022 intimated the record date for the same i.e. July 12, 2022. "It is hereby informed that Tuesday, July 12, 2022, has been fixed as the Record Date for the purpose of determining the Shareholders who shall be eligible for allotment of bonus equity shares", said the company filing.

Bonus shares pay-out timeline: With regard to the timeline as to by when these shares will be credited, the earlier filing by the company said, "The credit/dispatch of said bonus eguity shares, as the case may be, shall be completed within 60 days from the date of approval of the Board i.e. latest by July 23,2022.

2. A Infrastructure:

It is a BSE-listed penny scrip in the Cement and Cement product space. Part of the 'Kanoria Group', the company has a capacity to manufacture 1,00,000 MT per annum and is the largest manufacturer of MAZZA Asbestos cement pressure pipes in India. The company's well-diversified product line includes Asbestos Cement pressure pipes and Asbestos cement sheet to sugar, pharma and textiles.

On May 30,2022, the company recommended 1:1 bonus share issuance. As part of the issuance, the company informed that a total of 426,45,700 Equity Shares of Rs.5/- each will be issued.

Now in the latest development, the company in the filing dated June 30, 2022, informed about the record date. The filing said, in terms of regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Bonus Issue Committee of the Company in its meeting held today has fixed Wednesday, July 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 1 (One) Equity Shares of Rs. 5/- each for every 1 (One) existing Equity Share of Rs. 5/- each.

Ex-date i.e. the date before which you need to buy this scrip for bonus shares is July 12, 2022.

By when are bonus shares credited in shareholders account in general?

It usually takes 15 days from the record date for bonus shares to be credited in shareholders account. Nevertheless it also depends on the RTA (Registrar & Share Transfer Agents). Remember these bonus shares are available for trading only after due approval.

Disclaimer:

The shares listed above are just for their bonus share issuance. Investors and readers should not consider the story as an investment advice in them.