Corporate Actions - January 2025

[Jan-25] Stay ahead of the curve with our monthly Corporate Actions roundup!  Corporate actions have an impact on your portfolio and thus, stay…

[Jan-25] Stay ahead of the curve with our monthly Corporate Actions roundup! 

Corporate actions have an impact on your portfolio and thus, staying informed is 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

KPI Green Energy Limited

542323

03-Jan

03-Jan

1:2

BSE Circular

Ceenik Exports (India) Ltd

531119

03-Jan

03-Jan

1:5

BSE Circular

Garware Technical Fibres Limited

509557

03-Jan

03-Jan

4:1

BSE Circular

Surya Roshni Ltd

500336

01-Jan

01-Jan

1:1

BSE Circular

Padam Cotton Yarns Ltd.

531395

08-Jan

08-Jan

1:1

BSE Circular

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

Sub-division Ratio

Record Date

Ex-split Date

Circular

Getalong Enterprise Ltd

544372

1:10

02-Jan

02-Jan

BSE Circular

Kamdhenu Limited

KAMDHENU

1:10

08-Jan

08-Jan

NSE Circular

Shriram Finance Limited

SHRIRAMFIN

5:1

10-Jan

10-Jan

NSE Circular 1 | NSE Circular 2 | BSE Circular

Julien Agro Infratech Ltd

536073

1:2

08-Jan

08-Jan

BSE Circular

Inertia Steel Ltd.

512025

1:10

03-Jan

03-Jan

BSE Circular

Jagsonpal Pharmaceuticals Ltd.

507789

2:5

08-Jan

08-Jan

BSE Circular | NSE Circular



As per a recent NSE Circular, the Quantity Freeze Limit and market lots for different indices have been revised w.e.f 01-Jan-25. Below are the Quant…

As per a recent NSE Circular, the Quantity Freeze Limit and market lots for different indices have been revised w.e.f 01-Jan-25.

Below are the Quantity Freeze Limits and 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

60

2.

NIFTY

1800

72

3.

FINNIFTY

1800

72

4.

MIDCPNIFTY

2800

56

5.

NIFTYNXT50

600

60

*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows: NIFTY= 75; BANKNIFTY= 30; FINNIFTY=65 ; MIDCPNIFTY=120; NIFTYNXT50=25

Refer: NSE Circular

ITC Limited (ITC) Corporate Action

As per NSE’s circular, ITC Ltd has announced the allotment of 1 equity share of ITC Hotels Limited for every 10 equity shares of ITC Limit…

As per NSE’s circular, ITC Ltd has announced the allotment of 1 equity share of ITC Hotels Limited for every 10 equity shares of ITC Limited.

Also, all existing F&O contracts of ITC Limited with expiry dates of 30-Jan, 27-Feb, and 27-Mar will now be expiring on 03-Jan-25 (NSE Circular).

If you have any existing open positions in these contracts, kindly take the below steps:

  • Maintain 100% of the contract value on or before 03-Jan-25 to avoid RMS square-off and/or margin shortfall penalty.
  • Square off any existing open positions by 03-Jan-25 to avoid physical settlement and/or margin shortfall penalty.

The ITC F&O Contracts for the above expiry dates will be re-introduced for trading on 06-Jan-25. The list of option strikes from which specific strike prices would be made available for these contracts will be communicated via a separate circular to be issued on 03-Jan-25 post-market hours.

As per the exchange guidelines, the margin required for all the existing F&O Open Positions will start increasing four trading days before the ex…

As per the exchange guidelines, the margin required for all the existing F&O Open Positions will start increasing four trading days before the expiry date (i.e., the last Thursday of every month) in a staggered manner. 

However, due to the trading holiday on 25-Dec-24, i.e., Wednesday, on the occasion of Christmas, the F&O Open Positions margin schedule has been preponed. 

Take a look at the revised margin schedule below.

Date

Day

Margin Applicable

19-Dec-24

Thursday

10% of the delivery margin computed

20-Dec-24

Friday

25% of the delivery margin computed

23-Dec-24

Monday

45% of the delivery margin computed

24-Dec-24

Tuesday

75% of the delivery margin computed

26-Dec-24

Thursday

100% of the delivery margin computed

As per a recent NSE Circular, the Quantity Freeze Limit and market lots for different indices have been revised w.e.f 05-Dec-24. Below are the Quant…

As per a recent NSE Circular, the Quantity Freeze Limit and market lots for different indices have been revised w.e.f 05-Dec-24.

Below are the Quantity Freeze Limits and 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

60

2.

NIFTY

1800

72

3.

FINNIFTY

1800

72

4.

MIDCPNIFTY

2800

56

5.

NIFTYNXT50

600

60

*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows: NIFTY= 75; BANKNIFTY= 30; FINNIFTY=65 ; MIDCPNIFTY=120; NIFTYNXT50=25

Refer: NSE Circular

Rights Issue - December 2024

[Dec-24] The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in arigh…

[Dec-24] The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in arights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for December 2024:

Company

Ex-date

Record Date

RI Price (₹ per share)

RE Trading Period

Last date to apply for Rights Shares

Where to apply for rights shares

Circular

DMR Hydroengineering & Infrastructures Limited

22-Oct

22-Oct

₹140

04-Nov to 25-Nov

03-Dec-24

ASBA

BSE Circular

Diligent Industries Limited

24-Oct

24-Oct

₹3.60

11-Nov to 03-Dec

09-Dec-24 (Extended)

ASBA

BSE Circular

Mercury Trade Links Limited

24-Oct

24-Oct

₹44.95

07-Nov to 29-Nov

06-Dec (Extended)

ASBA

BSE Circular

Asian Petroproducts & Exports Limited

30-Oct

30-Oct

₹10

11-Nov to 02-Dec

05-Dec (Extended)

ASBA

BSE Circular

Shangar Decor Limited

28-Oct

28-Oct

₹5.76

08-Nov to 29-Nov

06-Dec

ASBA

BSE Circular

Pradhin Limited

14-Nov

14-Nov

₹25

25-Nov to 10-Dec

16-Dec

ASBA 

BSE Circular

UPL Limited

26-Nov

26-Nov

₹360 (₹90 on App PP Share)

05-Dec to 11-Dec

17-Dec

ASBA

BSE/NSE Circular

NHC Foods Limited 

26-Nov

26-Nov

₹1

05-Dec to 12-Dec 

18-Dec

ASBA

BSE Circular

Scanpoint Geomatics Limited

27-Nov

27-Nov

₹6

05-Dec to 09-Dec

17-Dec (Extended)

ASBA

BSE Circular

Jonjua Overseas Limited

29-Nov

29-Nov

₹10

13-Dec to 17-Dec

23-Dec

ASBA

BSE Circular

Enbee Trade & Finance Limited

28-Nov

28-Nov

₹13

10-Dec to 23-Dec

30-Dec

ASBA

BSE Circular

LWS Knitwear Limited

28-Nov

28-Nov

₹18

12-Dec to 19-Dec

24-Dec

ASBA

BSE Circular

Viceroy Hotels Limited

29-Nov

29-Nov

₹112

12-Dec to 18-Dec

24-Dec

ASBA

BSE/NSE Circular

Ace Software Exports Limited

05-Dec

05-Dec

₹78 (₹39 on App PP Share)

16-Dec to 20-Dec

27-Dec

ASBA

BSE Circular

Vistar Amar Limited

06-Dec

06-Dec

₹117

13-Dec to 17-Dec

20-Dec

ASBA 

BSE Circular

Sikko Industries Limited

06-Dec

06-Dec

₹98

23-Dec to 02-Jan

07-Jan

ASBA

NSE Circular

Quasar India Limited

11-Dec

11-Dec

₹1.14

20-Dec to 13-Jan

17-Jan

ASBA

BSE Circular

Avonmore Capital & Management Services Limited

12-Dec

12-Dec

₹10

23-Dec to 30-Dec

06-Jan

ASBA

BSE/NSE Circular

Gujarat Natural Resources Limited

03-Dec

03-Dec

₹10

12-Dec to 17-Dec

20-Dec

ASBA

BSE Circular

Moongipa Capital Finance Limited

03-Dec

03-Dec

₹25

12-Dec to 23-Dec

27-Dec

ASBA

BSE Circular

Aastamangalam Finance Limited

13-Dec

13-Dec

₹42.50

27-Dec to 31-Dec

03-Jan

ASBA

BSE Circular

IRB Infrastructure Trust

13-Dec

13-Dec

₹293.65

18-Dec to 18-Dec

20-Dec

ASBA

NSE Circular

Murae Organisor Limited

19-Dec

19-Dec

₹2

20-Dec to 08-Jan

13-Jan

ASBA

BSE Circular

Mega Corporation Limited

20-Dec

20-Dec

₹1

-

-

ASBA

BSE Circular

Dhanlaxmi Bank Limited

27-Dec

27-Dec

₹21

-

-

ASBA 

BSE/NSE Circular

Anupam Finserv Limited

27-Dec

27-Dec

₹1.75

-

-

ASBA

BSE Circular

Moksh Ornaments Limited

20-Dec

20-Dec

₹15

30-Dec to 07-Jan

10-Jan

ASBA

NSE Circular

Sharanam Infraproject & Trading Limited

31-Dec

31-Dec

₹1

-

-

ASBA

BSE Circular

Harshil Agrotech Limited

31-Dec

31-Dec

₹2.43

-

-

ASBA

BSE Circular

Pro Fin Capital Services Limited

31-Dec

31-Dec

₹4.50

-

-

ASBA

BSE Circular

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

  • For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.
  • For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 

Here's alist of existing SCSBs.

For more details on Rights Issue/Rights Entitlement, please refer toBSE FAQs.

Corporate Actions - December 2024

[Dec-24] Stay ahead of the curve with our monthly Corporate Actions roundup!  Corporate actions have an impact on your portfolio and thus, stay…

[Dec-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

Wipro Limited

WIPRO

03-Dec-24

03-Dec-24

1:1

NSE Circular | BSE Circular

Achyut Healthcare Limited

543499

10-Dec-24

10-Dec-24

4:10

BSE Circular

Sky Gold Limited

541967

16-Dec-24

16-Dec-24

9:1

BSE Circular

Rajeshwari Cans Limited

543285

19-Dec-24

19-Dec-24

1:1

BSE Circular

Bharat Seats Ltd

523229

20-Dec-24

20-Dec-24

1:1

BSE Circular

Linc Ltd

531241

20-Dec-24

20-Dec-24

1:1

BSE Circular

Bharat Global Developers Limited

521238

26-Dec-24

26-Dec-24

8:10

BSE Circular

NMDC Ltd

526371

27-Dec-24

27-Dec-24

2:1

BSE Circular | NSE Circular

Hardwyn India Limited

541276

27-Dec-24

27-Dec-24

2:5

BSE Circular

Banco Products (India) Ltd

500039

30-Dec-24

30-Dec-24

1:1

BSE Circular

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

Sub-division Ratio

Record Date

Ex-split Date

Circular

Eraaya Lifespaces Ltd

531035

1:10

06-Dec-24

06-Dec-24

BSE Circular

Achyut Healthcare Limited

543499

1:10

10-Dec-24

10-Dec-24

BSE Circular

Mazagon Dock Shipbuilders Ltd

543237

1:2 

27-Dec-24

27-Dec-24

BSE Circular

Linc Ltd

531241

1:2

20-Dec-24

20-Dec-24

BSE Circular

Bharat Global Developers Limited

521238

1:10

26-Dec-24

26-Dec-24

BSE Circular

Name Change

Existing Symbol 

New Symbol 

Record Date

Existing Name of the Company

New Name of the Company

Circular

IIFLSEC

IIFLCAPS

03-Dec-24

IIFL Securities Limited

IIFL Capital Services Limited

NSE Circular

SWOJAS

SWOJAS

02-Dec-24

Swojas Energy Foods Ltd.

Swojas Foods Limited

BSE Circular

ONIXSOLAR

ONIXSOLAR

06-Dec-24

ABC Gas (International) Ltd.

Onix Solar Energy Limited

BSE Circular

975797

975797

10-Dec-24

Laxmi India Finance Pvt Ltd

Laxmi India Finance Limited

BSE Circular

936276

936276

13-Dec-24

Indiabulls Commercial Credit Ltd

Sammaan Finserve Limited

BSE Circular

-

-

10-Dec-24

Vedika Vanijya Pvt. Ltd.

Vedika Stock Broking Private Limited

BSE Circular

530177

530177

18-Dec-24

SPS International Ltd

VK Global Industries Limited

BSE Circular

505302

505302

17-Dec-24

Lakshmi Automatic Loom Works Ltd.

Lakshmi Engineering and Warehousing Limited

BSE Circular

505504

505504

19-Dec-24

Sindu Valley Technologies Ltd.

GHV Infra Projects Limited

BSE Circular

517271

517271

23-Dec-24

HBL Power Systems Ltd

HBL Engineering Limited

BSE Circular

539546

539546

30-Dec-24

Beekay Niryat Ltd

Agribio Spirits Limited

BSE Circular

526544

526544

30-Dec-24

Scanpoint Geomatic Ltd.

SGL Resources Limited

BSE Circular

539659

539659

30-Dec-24

Vidli Restaurants Ltd

Vikram Kamats Hospitality Limited

BSE Circular

Suspension of Trading in Shares

Name of the Company

Symbol

Effective Date

Reason for Suspension

Circular

Neueon Towers Limited 

NTL

06-Dec-24

Capital Reduction 

NSE Circular




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 …

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 at 18001020.

Scrip Name

Category

Time Window

Floor Price

Clearing Price

EQUIPPP

Non-Retail

02-Dec, 09:15 am - 03:30 pm

Rs. 27

NA

EQUIPPP

Retail

03-Dec, 09:15 am - 03:30 pm

NA

Rs. 27

Offer for Sale of the below company is open in NSE/BSE. To place your OFS request: Contact your sub-broker In case you don't have a sub-broker, c…

Offer for Sale of the below company is open in NSE/BSE. To place your OFS request:

  • Contact your sub-broker
  • In case you don't have a sub-broker, call us at 18001020.

Scrip Name

Category

Time Window

Floor Price

Clearing Price

GET&D

Non-Retail

26-Nov, 09:15 am - 03:30 pm

Rs. 1550

NA

GET&D

Retail

27-Nov, 09:15 am - 03:30 pm

NA

Rs. 1655

Offer for Sale of the below company is open in BSE. To place your OFS request: Contact your sub-broker In case you don't have a sub-broker, call …

Offer for Sale of the below company is open in BSE. To place your OFS request:

  • Contact your sub-broker
  • In case you don't have a sub-broker, call us at 18001020.

Scrip Name

Category

Time Window

Floor Price

Clearing Price

PROTEAN

Non-Retail

22-Nov, 09:15 am - 03:30 pm

Rs. 1550

NA

PROTEAN

Retail

25-Nov, 09:15 am - 03:30 pm

NA

Rs. 1675