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4 Companies That Are Likely To Declare Bonus Issue Of Shares & Stock Splits

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Board of select companies are likely to meet in the next few weeks to consider bonus issue of shares and stock splits as well. Here are a few companies where the boards are likely to meet to consider a stock split or bonus issue of shares.

 

Hinduja Global

Hinduja Global

This is another company where the board is likely to consider the possibility of a bonus issue of shares. However, the board is not considering a stock split, though an interim dividend is also on the cards.

"Hinduja Global Solutions has informed BSE that the meeting of the Board of Directors of the Company is scheduled on Jan 6, 2022 ,inter alia, to consider and approve to consider declaration of interim dividend, if any, for the financial year 2021-22; and proposal for declaration of Bonus Issue of Equity Shares," the company said in a release to the BSE. The shares of Hinduja Global last closed at Rs 3,308 on the National Stock Exchange.

BSE Ltd
 

BSE Ltd

BSE Ltd, the second largest stock exchange in the country, would also see its board meeting sometime later in Feb 2022, to consider the possibility of issuing bonus shares.

"This is to inform you that, pursuant to Regulation 29(1)(a) of the Listing Regulations, a meeting of the Board of Directors is scheduled to be held on Tuesday, February 8, 2022 to inter alia, consider and approve the unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2021 and Limited Review Report thereon. Further, as per Regulation 29(1)(f) of the SEBI Listing Regulations, the Board of Directors shall, inter-alia, also consider, the proposal for issue of bonus shares at the aforesaid meeting, subject to requisite approvals," the company said in a filing with the NSE.

Shares of BSE were last trading at Rs 1,904 on the National Stock Exchange.

IPCA Labs

IPCA Labs

This company has not declared any bonus, but, the board has met and approved a stock split for the shares of the company. IPCA Labs has also fixed Jan 11, as the record date for stock split.

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at their meeting held today have decided to fix Tuesday, 11th January, 2022, as the 'Record Date' for the Members entitlement of sub-divided shares. Each fully paid-up equity share of Rs.2/- each of the Company is being sub-divided into 2 fully paid-up equity shares of Re. 1/- each, pursuant to the Resolution passed by the members of the Company at the Extra-Ordinary General Meeting held on 16th December, 2021," the company said in an exchange filing.

SBC Exports

SBC Exports

The board of SBC Exports is likely to consider a bonus issue of shares and also stock split on Jan 7, 2022. The company in a notice to the stock exchanges said that the board would meet to Alter Articles of Association of the Company in order to Issue of Bonus Shares by way of Capitalization of Reserves, if any required and to recommend and approve Issue of Bonus shares to the equity shareholders of the Company;

The board would also consider a stock split. SBC Exports is engaged in the business of carpets, garments, travel and IT. The shares of SBC Exports last traded at Rs 156.45 on the NSE. The shares were locked at the upper end of the circuit filter with only buyers in the stock.

Read more about: bonus issue
Story first published: Tuesday, January 4, 2022, 7:38 [IST]
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