1 Interim Dividend, 2 Stock Split And 1 Bonus Share Announcement To Know About

| Updated: Wednesday, March 16, 2022, 17:59 [IST]

Corporate actions at listed entities are of high importance as they serve the wider company objective and also may lead to a change in financial structure at the company. So, as the action has an immediate impact on the share price-they are highly crucial to know about.

RITES:

Rites, a GOI Enterprise, has been established under the aegis of Indian Railways. The is a multi-disciplinary consultancy organization in the fields of transport, infrastructure and related technologies. In its board meet outcome held March 14, 2022, the company informed BSE that the Board of Directors have declared 3rd interim dividend at the rate of 75% of paid up share capital (Rs. 7.50 per share). Previously the company doled out interim dividend of Rs. 4. For this dividend declared now the stock shall turn ex-dividend on March 24, 2022, while the record date is March 25, 2022.

7N Retail:

The small cap company is priced at Rs. 19.05 and mainly deals in the business of trading of apparels in the wholesale and retail segments. The company is mainly into the business of branding and selling of ready made garments , suiting-shirting , fabrics and all other textile products. The company earlier announced that for the sub division of shares of 1 share of the company carrying FV of Rs. 10 each into 10 shares bearing face value of Rs. 1 each, the record date has been decided as March 24, 2022. But in its latest filing, the company has revised the record date to March 29, 2022.

Black Box:

This small cap software company provides cutting edge tech solutions and world class consulting services. The company offers IT infrastructure solutions, services, and products that enable secure, flawless connectivity and meaningful collaboration for businesses in every major market sector on six continents.

The company board in its meeting held on March 14 has approved the split or sub-division of equity shares of the company from FV of Rs. 10 each into equity shares of FV of Rs. 2 each.

Ultracab India:

The cables entity has also in board meet today announced and approved the allotment of 3,18,07,500 Bonus equity shares in the ratio of 1:2(i.e. 1 (One) Bonus share of Rs.02/- each for every 2 (Two) fully paid equity shares of Rs.02/- each) held by the shareholders on the record date fixed ie. Saturday, 12th March, 2022.