Bonus Shares For July 2023: 4 Companies Offering Bonus Issue Next Month

Bonus shares provide a big boost to the confidence of the investors in the company's operations as company utilizes the cash for the growth of business. 4 leading companies will issue bonus shares in the month of July. These companies are Aptech Limited, Kansai Nerolac Paints, Roto Pumps, and Leasing Finance and Investment Company Ltd.

What is bonus share?: These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares. Below are the details of four companies that declared bonus issue recently and will trade ex-bonus in July:

1. Kansai Nerolac Paints: Current market price of Kansai Nerolac is Rs 460.15 per share with intraday fall of 0.73% on BSE. In last 1-year, Kansai Nerolac Paints shares gave return of 25%.

Kansai Nerolac Paints set July 4, 2023 as the record date for issue of bonus shares in the ratio of 1:2. As per the BSE filing of the company, "In terms of the provisions of Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that Tuesday, 4th July, 2023 is fixed as the Record Date for ascertaining the eligibility of Members for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) New Equity Share of Re.1 each for every 2 (Two) existing Equity Shares held by the Members of the Company. The Notice on the Record Date is also attached."

2. Aptech Limited: Current market price of Aptech Limited on BSE is Rs 494.70 per share with intraday fall 0.63%. In last 1-year, Aptech Limited shares rallied 131% and 368% return in last 3-years.

The company on June 5 fixed July 6, 2023 as the record date for 2:5 bonus share. As per the BSE filing of the company, "This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Thursday, 6th July, 2023 as the Record Date, for the purposes for ascertaining the eligibility of shareholders entitled for issue of Bonus Equity Shares of the Company in the proportion of 2 (Two) Equity Shares of Rs. 10/- each for 5 (Five) existing Equity Shares of Rs. 10/- each fully paid up held as on the record date, subject to the approval of shareholders through Postal Ballot."

Aptech Ltd. is a pioneer in the non-formal vocational training business in the country with a significant global presence.

3. Roto Pumps: Current market price of Roto Pumps share is Rs 782.70 per share with intraday fall of 0.45%. In last 1-year, Roto Pumps share gave return of 66% and 707% return in last 3-years.

The Board have proposed for issue of Bonus Share in the ratio of 1:1 i.e., 1 (one) equity bonus share of face value Rs 2.00 fully paid up will be issued for every 1 (one) equity share of face value Rs 2.00 fully paid upheld on the Record date decided for the purpose.

Meanwhile, the Board also recommended a final dividend of Rs 3.15 per equity shares of i.e. 157.50% for the financial year ended March 31, 2023. Record date to ascertain the entitlement for payment. of final dividend. and the issue of Bonus Shares is fixed to 8th July, 2023.

4. Leasing Finance and Investment Company Ltd: Last trading price of Leading Leasing Finance And Investment Company share is Rs 6.66 per share on BSE. It gained 0.76% till 12:03 pm. In last 1-year, Leading Leasing Finance And Investment stock rallied 30% and declined fell 31% in last 3-years. It declared bonus issue in the proportion of 1:1 and set July 20, 2023 as record date.

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 Thursday, 20th July, 2023 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 ratio of 1:1 [Le, 1 Fully paid up equity shares for every 1 (one) equity shares held.] Subject to the approval of shareholders.

Disclaimer: 4 companies declared bonus issue recently and these bonus stocks will trade ex-bonus in July. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.