Record Date Declared For 2 Bonus Issues, 1 Stock Split: Details Here

Investors keenly look for announcement pertaining to bonus shares and stock splits. Veeram Securities has declared record date for bonus issue and Gretex Corporate Services has altered record date for bonus issue. Meanwhile, HLE Glascoat Ltd has fixed record date for stock split. Check key takeaways below:

What is bonus share and stock split?
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.

When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.

1. Veeram Securities Fixes Record Date For Bonus Issue

The company has declared record date for bonus issue in 1:2 ratio. The board of directors in its exchange filing stated, "We hereby inform pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that a Meeting of the Board of Directors of the Company will be held on Saturday, 15 September, 2022 at 11.00 am at the registered office of the company. 1. To consider and approve the Un-audited Financial Results of the Company for the Quarter and half year ended on 30^TM September 2022. 2. To Consider Allotment of Bonus shares 3. To transact any other matter with prior approval of chairman."

Veeram Securities Stock Outlook: The last trading price of the stock is Rs 31.55 apiece and it has a market capitalization of Rs 159 crore. The stock has given a return of 405% in last 5 years.

Veeram Securities About: The small cap company is a wholesaler of branded jewellery and ornaments. The company is also engaged in the trading business of silver and also a distributor of readymade gold, silver Jewellery, and ornaments.

The portfolio of products includes gold and silver jewellery with or without studded precious and semi-precious stones.

2. Gretex Corporate Services Ltd Revises Record Date For Bonus Issue

The company has revised record date to October 13, 2022 for bonus issue in the ratio of 8:1. The previous record date was October 11, 2022. The board of directors of the company in its regulatory filing stated, "In reference to earlier record date intimation given to BSE for October 11, 2022, this is to inform you that Company has revised the record date and fixed on Thursday, October 13, 2022 as the 'Record Date' for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Shares in the ratio of 8:1 (i.e. issue of 8(Eight) equity share for every existing 1(One) equity shares held of Rs 10/- as on the above mentioned record date)."

Gretex Corporate Services Stock Outlook: The last trading price of the stock is Rs 631 apiece with 52-week high at Rs 631 and 52-week low at Rs 160 apiece, respectively. The company has a market capitalization of Rs 71.85 crore. In 1-year it has given a return of 208%.

Gretex Corporate Services About: It offers investment banking and corporate advisory services. The company provides financial and capital market services including valuation, venture capital, corporate restructuring, and secretarial support. Gretex Corporate Services serves customers in India.

3. HLE Glascoat Ltd Declares Record Date For Stock Split

The company has set record date October 19, 2022 for sub-division of shares from face value of Rs. 10 per share to face value of Rs 2 per share. The board of directors in its regulatory filing stated, "With reference to the subject, this is to inform you that at the 31st Annual General Meeting of the Company held on September 1, 2022 the Members of the Company have approved Sub-division (split) of Equity shares from Face Value of Rs. 10 per share to Face Value of Rs. 2 per share by passing requisite resolution in this regards."

HLE Glascoat Ltd Stock Outlook: The current market price of the stock is Rs 3447 apiece with 52-week high at Rs 7,549 apiece and 52-week low at Rs 3005 apiece, respectively. The company has a market capitalisation of Rs 4707 crore. The stock has given a 5-years return of 2014% and 3-years return of 1623%.

HLE Glascoat Ltd About: The small cap company was incorporated in 1991 and operates in glass sector. HLE Glascoat Limited is a leading manufacturer of process equipment for the chemical and pharmaceutical industries. It has emerged as the market leader in Filtration and Drying Equipment and are a leading manufacturer of Glass Lined Equipment globally.