Bonus Share Issue: Two Small-Cap Stocks Fix Record Date

Two small-cap stocks namely Hardwyn India Ltd. and Panth Infinity Ltd. have announced bonus shares issue and fixed record date to determine the eligibility of shareholders. Bonus share is the issue of additional shares offered to the current shareholders without paying any additional charges on the basis of number of shares held by shareholders. Check the details pertaining to the bonus share issue:

1. Hardwyn India Ltd Fixes Record Date For Bonus Shares Issue

It is a manufacturer of architectural hardware and glass fittings, which provides solution to residential and commercial structures. It has nearly five decades of a strong and customer-focused approach. Hardwyn has fixed July 26, 2022 as the record date for the purpose of determining the eligibility of shareholders entitled for issuance of fully paid up bonus shares in the ratio of 1:2.

The board of directors of the company informed the BSE, "This is to inform you that Company has revised the record date and fixed on Tuesday, 26th July, 2022 for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Shares in the ratio of 1:2 (i.e. issue of 1(One ) equity share for every existing 2(Two) equity shares held of Rs 10/- as on the above mentioned record date), each subject to approval of Shareholders. The Company will declare the result of postal ballot and intimate the same to the Stock Exchanges on 18th July, 2022."

Stock outlook: The current market price of the stock is Rs 235.25 apiece and it gained 2.33% in yesterday's trade. The 52-week high is Rs 271 apiece and 52-week low is Rs 10 apiece, respectively. It has a market capitalization of 239 crore. It has registered strong annual EPS growth. Currently, the stock is trading at a discount of 13% from its highs.

Multibagger Returns: It has given 133% return in 3 months, 279% return in 1 year, and 1304% return in 3 years.

2. Panth Infinity Ltd Declares Record Date For Bonus Share Issue

The company came into existence in the year 1993. It was formed with the goal of serving India's infrastructure development. It has secured certificate of commencement of business on December 29, 1995. It came with IPO in 1996 to fund its targets to accomplish. It is engaged in the business of precious metals, jewelry trading, and stones. It also provides constructions services and serving customers in India. It has informed the BSE about its decision of Bonus Share issuance and now it has fixed record date as well.
In the BSE filing the board of directors said, ""Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in furtherance of the Shareholders' Resolutions passed through Postal Ballot e-voting on 4th July, 2022, we would like to inform you that the Company has fixed Tuesday, 19th July, 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) new fully paid-up Equity Share of Face Value of Rs. 10/- each (Rupees Ten) for every 2 (Two) existing fully paid-up Equity Shares of Face Value of Rs. 10/- each (Rupees Ten)."

Stock Outlook: The current market price of the stock is Rs 57.15 apiece. It has touched a 52-week high of Rs 57.15 and 52-week low of 7.50 apiece. The stock gained 4.96% in yesterday's trading. It has registered rising cash flow and cash from operating activity. It has a PE of 1428 and sector PE is 186. It has a market capitalization of 70 crore.

Multibagger Returns: It has given multibagger returns with 135% return in 1 month, 289% return in 3 months, and 474% return in 1 year.

Disclaimer

The above is the list of stocks that have declared record date to determine eligibility of shareholders for bonus share. Readers should not construe the story for investment advice into the mentioned stocks.