Amalgamation of Tata Metaliks Ltd and Tata Steel Ltd.
Per a circular, Tata Metaliks Ltd. will be amalgamated into Tata Steel Ltd. Tata Steel Ltd shall issue and allot Equity Shares to the Shareholders of Tata Metaliks Ltd.
79 fully paid-up equity shares of Re.1/- each of Tata Steel Ltd to be issued for every 10 fully paid-up equity shares of Rs.10/- each held in Tata Metaliks Ltd.
Name of Company | Symbol | Reason for Suspension |
Tata Metaliks Ltd. | TATAMETALI | Scheme of Amalgamation |
Refer: BSE Circular
Important update on PAN-Aadhaar Seeding for NRI Clients!
This is with reference to NSE Circular NSE/ISC/48165 dated 03-May-21 and BSE Circular 20210503-41 circular dated 01-May-21 on Aadhaar Seeding with PAN and the subsequent email communication received from NSE and BSE dated 01-Feb-24.
The Income Tax Department, in a tweet on 18-Jul-23, clarified that individuals who haven't updated their NRI Status with the IT department should submit relevant documents to their respective ‘Jurisdictional Assessing Officer’ (JRO) for updating their residential status. For further details, please refer to the tweet at the link: https://twitter.com/incomeTaxindia/status/1681251168276860928.
Additionally, PANs registered under the NRI Category at the Exchange must be updated as ‘Seeded' or 'Not Applicable’. In the absence of this tagging, the NRI Clients will not be permitted to trade or square off their position w.e.f. 09-Feb-24.
With reference to the aforementioned email receipt, you are requested to note that from Monday, 05-Feb-24, onwards, no fresh positions will be allowed in your account till 09-Feb-24. Post 09-Feb-24, your account will be frozen for trading till the relevant NRI Status is updated at the exchange. So,
Contact your AP or mail us at support@angelbroking.com for any further assistance.
Quantity Freeze Limits for Indices- February 2024
As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01- Feb-24.
Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:
No. | Indices | Quantity Freeze Limit(Maximum units you can buy or sell per order) | Maximum lots per Order(Quantity Freeze Limit/Lot Size*) |
1. | BANKNIFTY | 900 | 36 |
2. | NIFTY | 1800 | 36 |
3. | FINNIFTY | 1800 | 45 |
4. | MIDCPNIFTY | 4200 | 56 |
*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows:
BANKNIFTY=25; NIFTY=50; FINNIFTY=40; MIDCPNIFTY=75
Refer: NSE Circular
Bonus Issue of Salasar Techno Engineering Ltd.
A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Salasar Techno Engineering Ltd. (Scrip Code: 540642) is issuing 4 bonus shares for every 1 existing shares. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Salasar Techno Engineering Ltd. | SALASAR | 01-Feb | 01-Feb |
Refer: BSE Circular
W.e.f 01-Feb: New Identity for Chitradurga Spintex Ltd.
As per a recent circular, the name and symbol of Chitradurga Spintex Ltd. (Scrip code: 521244) will be changed as follows w.e.f 01-Feb-24.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
CHITRTX | MKPMOB | Chitradurga Spintex Ltd. | MKP Mobility Ltd. |
Refer: BSE Circular
Bonus Issue of Sandur Manganese Iron Ores Ltd.
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Sandur Manganese Iron Ores Ltd. (Scrip Code: 504918) is issuing 5 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Sandur Manganese Iron Ores Ltd. | SANDUMA | 02-Feb | 02-Feb |
Refer: BSE Circular
Sub-division of equity shares of GROWINGTON VENTURES INDIA LTD.
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.
As per a recent circular, 1 equity share of GROWINGTON VENTURES INDIA LTD. (Scrip Code: 539222) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
GROWINGTON VENTURES INDIA LTD. | GROWINGTON | 1:10 | 31-Jan | 31-Jan |
Refer: BSE Circular
Bonus Issue of KANANI INDUSTRIES LTD.
A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, KANANI INDUSTRIES LTD. (Scrip Code: 506184) is issuing 1 bonus share for every 1 existing shares. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
KANANI INDUSTRIES LTD | KANANIIND | 30-Jan | 30-Jan |
Refer: BSE Circular
Increase in Margin due to Market volatility
This is to inform you that due to Budget 2024 being around the corner, we have anticipated market volatility and have taken the following steps:
This will affect only those who trade in MTF. Please exercise caution and trade safely.
Trading holiday and scheduled maintenance on 26-Jan
26-Jan-2024 is a trading holiday on account of Republic Day. Subsequently all markets are closed on this day. Trading will resume on Monday, 29-Jan-2024.
For Payouts & Settlements, please note:
We would like to inform you that we have scheduled maintenance on 26-Jan-2024, impacting funds pay-in and payout.
The scheduled maintenance activity is between 8am to 6pm and will have the following impact:
You are requested to take note of this and trade accordingly.