Upcoming Bonus Issues: 3 Companies To Reward Bonus Shares, Record Date To Be Fixed

3 companies are likely to reward shareholders with bonus shares soon. These companies are Sunrise Efficient Marketing Ltd, Kesar India, and Lorenzini Apparels Ltd. Of the 3 companies, shares of 2 companies have offered shareholders multibagger returns. Check details given below:

1. Kesar India Declares 6:1 Bonus Shares: The company on February 14, 2024 recommended bonus shares in the proportion of 6:1. It has yet to declare the record date for the same. As per the BSE filing of the company dated today, "Recommended issue of bonus equity shares in the proportion of 6:1, that is 6 (Six) bonus equity shares of Rs. 10/- each for every 1 (One) fully paid-up equity share held, as on the record date, subject to approval of the Members of the Company. The record date for reckoning eligible shareholders entitled to receive bonus shares will be communicated in due course."

Kesar India Shares Performance & Return: Last trading price of Kesar India shares on BSE is Rs 2653.85 apiece with intraday rally of 5.00%. The stock hit upper circuit and 52-week high on February 16, 2024. The 52-week high price of Kesar India shares on BSE 2653.85 apiece and 52-week low price is Rs 100.40 apiece, respectively. The company's market capitalisation is Rs 936.92 crore. Kesar India shares zoomed 159% year-to-date and rallied 1317% in last 6-months. In last 1-year, Kesar India stock gained 1558%.

2. Lorenzini Apparels Recommends Bonus Shares, Stock Split: Small cap company operating in Garments & Apparels industry, Lorenzini Apparels Ltd approved bonus shares in the ratio of 6:11 and stock split in the proportion of 1:10 on February 12, 2024. The company has yet to declare record date for bonus share and stock split.

Lorenzini Apparels Recommends Stock Split: As per the regulatory filing of the company dated Feb 12, "Sub-Division of Face Value of Equity Shares of the Company from Rs. 10/- (Rupees Ten Only) each to Re. 1/- (Rupee One) each, subject to the approval of shareholders to be obtained through Postal Ballot process. In this regard, the record date for such division/ split shall be intimated to the stock exchanges in due course."

Lorenzini Apparels Gives Nod To Bonus Shares: The February 12, 2024 BSE filing of the company added, "Proposal of issuance of Bonus equity shares to the security holders of the Company in the ration of 6:11 i.e. 6 (Six) new fully paid-up equity share of Re. 1/- (Rupee one only) each for every 11 (Eleven) fully paid-up Equity Shares of Re. 1/- (Rupee one only) held by the Eligible securityholders of the Company as on the record date, subject to the approval of shareholders to be obtained through Postal Ballot process. In this regard, the record date for such bonus issue shall be intimated to the stock exchanges in due course."

Lorenzini Apparels Shares Performance & Return: Last trading price of Lorenzini Apparels shares on BSE is Rs 436.60 apiece with intraday gain of 0.73%. The 52-week high price of Lorenzini Apparels shares on BSE is Rs 475.20 apiece and 52-week low price is Rs 73.00 apiece, respectively. The company has a market capitalisation of Rs 442.67 crore. Lorenzini Apparels shares zoomed 111% in last 6-months and gained 408% in last 1-year.

3. Sunrise Efficient To Consider Bonus Issue: The company in its BSE filing stated that a meeting of Board of Directors will take place on Feb 27 to consider bonus share. As per the BSE filing of the company dated February 14, 2024, "a Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 27th February 2024 to transact following major businesses:

1. To consider and approve the increase in the Authorised capital of the company
2. To discuss, consider and approve Issue of Bonus Shares to the equity shareholders of the Company subject to approval of members.
3. To fix date, time and venue of Extra Ordinary General Meeting of the Company and approve the draft notice of EOGM.
4. To consider and decide book closure date and cut-off date for voting purpose and Bonus Issue
5. To consider the appointment of Scrutinizer M/s Dhirren R. Dave & Co., Practicing Company Secretaries of the Company for the purpose of voting in EOGM."

Sunrise Efficient Marketing Shares Performance & Return: Last trading price of Sunrise Efficient Marketing shares on BSE is Rs 130.80 apiece with intraday gain of 7.17%. The 52-week high price of Sunrise Efficient Marketing shares on BSE is Rs 155.00 apiece and 52-week low price is Rs 101.90 apiece, respectively. The company's market capitalisation is Rs 130.80 crore. Sunrise Efficient Marketing shares zoomed 25% in last 1-week and rallied 28% in last 1-year.

Disclaimer: The stocks highlight bonus shares and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.