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November 07, 2024
Corporate Actions - September 2024
[Sep-24] Stay ahead of the curve with our monthly Corporate Actions roundup!
Corporate actions have an impact on your portfolio and thus, staying informed is a key. To help you stay up-to-date, we’ve compiled a list of all the corporate actions happening this month. Whether you are tracking a subdivision that could adjust your shareholdings, a buyback that will boost your stock, or your share of profits in the form of dividends, we’ve got you covered.
Various types of corporate actions we have covered here are sub-divisions, dividends, bonus issues, buybacks, takeovers, delistings, and name changes. So, dive in, explore the details, and stay ahead in your investment journey.
Bonus Issue
A bonus Issue is a corporate action in which a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
|
Company Name |
Symbol/Scrip Code |
Record date |
Ex-Bonus basis from Date |
Bonus Issue |
Circular |
|
Franklin Industries Limited |
540190 |
09-Sep-24 |
09-Sep-24 |
1:1 |
|
|
Acceleratebs India Limited |
543938 |
12-Sep-24 |
12-Sep-24 |
3:5 |
|
|
VST Industries Ltd. |
VSTIND |
06-Sep-24 |
06-Sep-24 |
10:1 |
|
|
Indo Cotspin Limited |
538838 |
10-Sep-24 |
10-Sep-24 |
7:10 |
|
|
Bigbloc Construction Limited |
BIGBLOC |
12-Sep-24 |
12-Sep-24 |
1:1 |
|
|
Monarch Networth Capital Limited |
MONARCH |
13-Sep-24 |
13-Sep-24 |
1:1 |
|
|
Axita Cotton Limited |
AXITA |
20-Sep-24 |
20-Sep-24 |
1:3 |
|
|
The Phoenix Mills Ltd. |
PHOENIXLTD |
21-Sep-24 |
21-Sep-24 |
1:1 |
|
|
RITES Limited |
RITES |
20-Sep-24 |
20-Sep-24 |
1:1 |
|
|
Saksoft Limited |
SAKSOFT |
19-Sep-24 |
19-Sep-24 |
1:4 |
|
|
Starlineps Enterprises Ltd |
540492 |
25-Sep-24 |
25-Sep-24 |
1:5 |
|
|
IFL Enterprises Ltd |
540377 |
21-Sep-24 |
21-Sep-24 |
1:150 |
|
|
NDR Auto Components Limited |
NDRAUTO |
25-Sep-24 |
25-Sep-24 |
1:1 |
|
|
Pulsar International Limited |
512591 |
28-Sep-24 |
28-Sep-24 |
1:10 |
|
|
Mindteck (India) Ltd |
MINDTECK |
20-Sep-24 |
20-Sep-24 |
1:4 |
|
|
Ujaas Energy Limited |
UEL |
20-Sep-24 |
20-Sep-24 |
1:4 |
Subdivision/Stock Split
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
|
Company Name |
Symbol/Scrip Code |
Sub-division Ratio |
Record Date |
Ex-split Date |
Circular |
|
Andhra Paper Ltd |
ANDHRAPAP |
1:5 |
11-Sep-24 |
11-Sep-24 |
|
|
Sportking India Ltd |
SPORTKING |
1:10 |
13-Sep-24 |
13-Sep-24 |
|
|
Varun Beverages Ltd |
VBL |
1:1 |
12-Sep-24 |
12-Sep-24 |
|
|
Krishna Institute of Medical Sciences Ltd |
KIMS |
1:5 |
13-Sep-24 |
13-Sep-24 |
|
|
Fedders Holding Ltd |
511628 |
1:10 |
20-Sep-24 |
20-Sep-24 |
|
|
Nandan Denim Limited |
NDL |
1:10 |
19-Sep-24 |
19-Sep-24 |
|
|
Rajshree Polypack Limited |
RPPL |
5:10 |
17-Sep-24 |
17-Sep-24 |
|
|
Starlineps Enterprises Ltd |
540492 |
1:5 |
25-Sep-24 |
25-Sep-24 |
|
|
Sanghvi Movers Ltd. |
SANGHVIMOV |
1:2 |
27-Sep-24 |
27-Sep-24 |
Dividend
A dividend is an amount the company pays to its shareholders out of its profits. This regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly.
|
Company Name |
Symbol |
Dividend Amount |
Record Date |
Effective Date |
Circular |
|
Gujarat Narmada Valley Fertilizers and Chemicals Limited |
GNFC |
₹16.50 |
06-Sep-24 |
06-Sep-24 |
|
|
Vedanta Limited |
VEDL |
₹20 |
10-Sep-24 |
10-Sep-24 |
Buyback
Buyback of shares is the process wherein a corporation rebuys its own shares from its shareholders. This way, the company that had earlier issued shares pays some of its shareholders and absorbs that part of ownership that several investors had before.
|
Name of Company |
Symbol/Scrip Code |
Offer Price Per Share |
Circular |
|---|---|---|---|
|
KDDL Limited |
KDDL |
₹3700 |
|
|
Technocraft Industries (India) Limited |
TIIL |
₹4500 |
|
|
Aarti Drugs Limited |
AARTIDRUGS |
- |
|
|
Ladderup Finance Ltd. |
530577 |
- |
|
|
Transport Corporation of India Ltd |
TCI |
- |
|
|
Nucleus Software Exports Limited |
NUCLEUS |
₹1615 |
|
|
Arex Industries Ltd. |
526851 |
- |
|
|
Jai Corp Limited |
JAICORPLTD |
- |
|
|
Weizmann Limited |
WEIZMANIND |
₹160 |
|
|
Anglo French Drugs & Industries Limited |
201927 |
₹4000 |
|
|
Insecticides India Ltd. |
INSECTICID |
₹1000 |
|
|
Indian Toners & Developers Ltd |
INDTONER |
₹450 |
Name Change
|
Existing Symbol |
New Symbol |
Existing Name of the Company |
New Name of the Company |
Record Date |
Circular |
|
506122 |
506122 |
Pankaj Piyush Trade & Investment Ltd |
Kairosoft AI Solutions Limited |
04-Sep-24 |
|
|
ORTINLAB |
ORTINLAB |
Ortin Laboratories Ltd |
Ortin Global Limited |
03-Sep-24 |
|
|
514440 |
514440 |
Blue Pearl Texspin Limited |
Blue Pearl Agriventures Limited |
13-Sep-24 |
|
|
541741 |
541741 |
Tinna Trade Ltd |
Fratelli Vineyards Limited |
13-Sep-24 |
|
|
FUSION |
FUSION |
Fusion Micro Finance Ltd |
Fusion Finance Limited |
16-Sep-24 |
|
|
504731 |
504731 |
Indian Bright Steel Co. Ltd. |
Azad India Mobility Limited |
24-Sep-24 |
|
|
508963 |
508963 |
Sterling Guaranty & Finance Ltd. |
Trustwave Securities Limited |
26-Sep-24 |
|
|
ALLSEC |
ALLSEC |
Allsec Technologies Ltd. |
Alldigi Tech Limited |
27-Sep-24 |
|
|
TIPSINDLTD |
TIPSINDLTD |
Tips Industries Ltd. |
Tips Music Limited |
30-Sep-24 |
|
|
537840 |
537840 |
Raunaq EPC International Ltd. |
Raunaq International Limited |
30-Sep-24 |
Demerger
It is a form of corporate restructuring wherein an entity is segregated into small entities to function individually.
|
Name of Company |
Symbol |
Scrip Code |
Record Date |
Consideration |
Circular |
|
Infibeam Avenues Ltd |
INFIBEAM |
539807 |
11-Sep-24 |
1 Equity Share of Re.1/- of Odigma Consultancy Solutions Limited for every 89 Equity Shares of Re.1/- of Infibeam Avenues Ltd |
|
|
Ishwarshakti Holdings & Traders Ltd |
- |
506161 |
18-Sep-24 |
7 Equity Shares of ₹10/- of Sekasaria Finance Ltd for every 1 Equity Share of ₹10/- of Ishwarshakti Holdings & Traders Ltd |
|
|
Rossell India Ltd |
ROSSELLIND |
533168 |
20-Sep-24 |
1 Equity Share of ₹2/- of Rossell Techsys Ltd for every 1 Equity Share of ₹2/- of Rossell India Ltd |
Amalgamation
A form of corporate restructuring wherein two or more companies merge or unite and work together as one entity.
|
Name of Company |
Symbol/Scrip Code |
Record Date |
Consideration |
Circular |
|
Deep Energy Resources Ltd |
532760 |
25-Sep-24 |
11 Equity Shares of Re.1/- of Prabha Energy Private Limited for every 8 Equity Shares of ₹10/- of Deep Energy Resources Ltd |
|
|
Ador Fontech Ltd |
530431 |
25-Sep-24 |
05 Equity Shares of ₹10/- of Ador Welding Ltd for every 46 Equity Shares of ₹2/- of Ador Fontech Ltd |
Suspension of Trading in Shares
|
Name of the Company |
Symbol |
Effective Date |
Reason for Suspension |
Circular |
|
Deep Energy Resources Limited |
DEEPENR |
25-Sep-24 |
Scheme of Arrangement |
|
|
Linaks Microelectronics Limited |
517463 |
13-Sep-24 |
Insolvency and Bankruptcy |
|
|
Starlite Components Ltd |
517548 |
09-Sep-24 |
Insolvency and Bankruptcy |
Takeover
A Takeover is a type of corporate action in which one company (the acquirer) acquires or takes control of another (the target). Such a takeover occurs through the merger and acquisition process and can affect the company's structure in various ways.
|
Name of Company |
Symbol |
Offer Price Per Share |
Circular |
|---|---|---|---|
|
Windsor Machines Ltd |
WINDMACHIN |
₹100 |
Delisting of Companies
|
Name of the Company |
Symbol |
Effective Date |
Reason |
Circular |
|
Spicy Entertainment and Media Ltd |
540084 |
18-Sep-24 |
Regulatory Procedure |
