Sub-division of equity shares of Sudev Industries 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 BSE circular, 1 equity share of (Scrip Code: 526530) will be sub-divided into 2 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Sudev Industries Ltd. | IIRM | 1:2 | 11-Dec | 11- Dec |
Refer: BSE Circular
Bonus Issue of Sonata Software 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, Avantel Ltd. (Scrip Code: 532221) is issuing 1 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 |
Sonata Software Ltd | SONATSOFTW | 12-Dec | 12-Dec |
Refer: BSE Circular
Bonus Issue of Sonata Software 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, Avantel Ltd. (Scrip Code: 532221) is issuing 1 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 |
Sonata Software Ltd | SONATSOFTW | 12-Dec | 12-Dec |
Refer: BSE Circular
Quantity Freeze Limits for Indices- December 2023
As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01- Dec -23.
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
Revision in Strike Scheme of INDEX Options
W.e.f 08-Jan- 2024, NSE is pleased to revise the strike scheme for the below INDEX options
![](https://announcements123.files.wordpress.com/2023/12/index.png)
Refer: NSE Circular
Offer for Sale (OFS) - IRCON INTERNATIONAL LTD
Offer for Sale of below company is open in BSE/NSE. To Place your OFS Request:
Contact your sub-broker.
In case you don't have a sub-broker, call us on 080-47480048.
As per the exchange circular, the settlement date of a retail category will be 11- Dec- 2023
W.e.f 1- Dec- 23: New Identity for Sona Jewellers (Gujarat) Limited
As per a recent circular, the name and symbol of Sona Jewellers (Gujarat) Limited. (Scrip code: 539267) will be changed as follows w.e.f 1-Dec-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
SONAHISONA | GOLDKART | Sona Hi Sona Jewellers (Gujarat) Limited | Goldkart Jewels Limited |
Refer: NSE Circular
Demerger of BOROSIL LTD
As per the BSE circular, BOROSIL LTD will demerge w.e.f 5- Dec-23.
Klass Pack Limited shall issue and allot Equity Shares to the eligible Shareholders of BOROSIL LTD. Due to this merger, 3 Fully paid-up Equity Shares of Re.1/- each of Klass Pack Limited shall be issued and allotted for every 4 Fully paid-up Equity Shares of Re.1/- each held in BOROSIL LTD.
Name of Company | Symbol | Scrip Code |
BOROSIL LTD | BOROLTD | 543212 |
Refer: BSE circular
W.e.f 29-Nov: New Identity for BSEL Infrastructure Realty Ltd.
As per a recent circular, the name and symbol of BSEL Infrastructure Realty Ltd. (Scrip code: 532123) will be changed as follows w.e.f 29-Nov-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
BSELINFRA | BSELALGO | BSEL Infrastructure Realty Ltd. | BSEL Algo Ltd. |
Refer: BSE Circular
Change in margin schedule for F&O open positions due to trading holiday on 27-Nov
As per the exchange guidelines, the margin required for all the existing F&O Open Positions will start increasing four days before the expiry date (i.e., the last Thursday of every month) in a staggered manner.
However, due to the trading holiday on 27-Nov-2023, i.e., Monday, on the occasion of Guru Nanak Jayanti, the F&O Open Positions margin schedule has changed.
The revised margin schedule is given below.
Date | Day | Margin Applicable |
23-Nov-23 | Thursday | 10% of the delivery margin computed |
24-Nov-23 | Friday | 25% of the delivery margin computed |
28-Nov-23 | Tuesday | 45% of the delivery margin computed |
29-Nov-23 | Wednesday | 75% of the delivery margin computed |
30-Nov-23 | Thursday | 100% of the delivery margin computed |