Bonus Issue of Sadhana Nitrochem 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, Sadhana Nitrochem Ltd. (Scrip Code: 506642) is issuing 2 bonus shares for every 9 existing shares. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Sadhana Nitrochem Ltd. | SADHNANIQ | 05-Jul | 05-Jul |
Refer: BSE Circular
Bonus Issue of Bhansali Engineering Polymers 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, Bhansali Engineering Polymers Ltd. (Scrip Code: 500052) is issuing 1 bonus share for every 2 existing shares. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Bhansali Engineering Polymers Ltd. | BEPL | 05-Jul | 05-Jul |
Refer: BSE circular
Housing Development Finance Corporation Ltd. (HDFC) will stop trading
Per a recent circular, the following security (Scrip Code: 500010) will be suspended from trading w.e.f. July 13, 2023.
Name of the Company | Symbol | Reason for Suspension |
Housing Development Finance Corporation Ltd. | HDFC | Scheme of Amalgamation |
Refer: BSE Circular | NSE Circular
The amalgamation of Housing Development Finance Corporation Ltd. and HDFC Bank Ltd.
As per circulars from BSE and NSE, HDFC Bank Ltd. has announced an allotment of equity shares to the shareholders of Housing Development Finance Corporation Ltd. w.e.f 13-Jul-23. 42 equity shares with a face value of Re 1/- each of HDFC Bank Ltd. to be issued as fully paid up equity shares for every 25 fully paid up equity shares with a face value of Rs 2/- each held by shareholders of Housing Development Finance Corporation Ltd.
In view of the above, the existing F&O contracts of expiry months July 2023, August 2023, and September 2023 will expire on 12-Jul-23.
It is hereby notified that the following security will be suspended from trading w.e.f 13-Jul-23.
Name of Company | Symbol | Series | Reason for Suspension |
---|---|---|---|
Housing Development Finance Corporation Ltd. | HDFC | EQ | Scheme of Amalgamation |
Refer: BSE Circular | NSE Circular
W.e.f 04-Jul-23: New Identity for Suryakripa Finance Ltd.
As per a recent circular, the name of Suryakripa Finance Ltd. (Scrip code: 511185) will be changed as follows w.e.f 04-Jul-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
SFL | RAJVI | Suryakripa Finance Ltd. | Rajvi Logitrade Ltd. |
Refer: BSE Circular
Bonus Issue of Kansai Nerolac Paints 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, Kansai Nerolac Paints Ltd. (Scrip Code: 500165) is issuing 1 bonus share for every 2 existing shares. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Kansai Nerolac Paints Ltd. | KANSAINER | 04-Jul | 04-Jul |
Refer: BSE circular
Rights Issue - June 2023
The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights 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 June 2023:
Company | Ex-date | Record Date | RI Price | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
North Eastern Carrying Corporation Limited | 02-Jun | 02-Jun | ?18 (On App ?9) PP | 14-Jun to 29-Jun | 04-Jul (Extended) | ASBA | BSE/NSE Circular |
Debock Industries Limited | 01-Jun | 01-Jun | ?15 | 13-Jun to 21-Jun | 27-Jun | ASBA | NSE Circular |
Udaipur Cement Works Limited | 14-Jun | 14-Jun | ?18 | 21-Jun to 30-Jun | 05-Jul | ASBA | BSE/NSE Circular |
Cressanda Solutions Limited | 16-Jun | 16-Jun | ?20 | 27-Jun to 05-Jul | 11-Jul | ASBA | BSE Circular |
Alan Scott Industries Limited | 16-Jun | 16-Jun | ?30 (On App ?10) PP | 30-Jun to 07-Jul | 13-Jul | ASBA | BSE Circular |
Vintage Coffee & Beverages Limited | 19-Jun | 19-Jun | ?12 | 03-Jul to 05-Jul | 10-Jul | ASBA | BSE Circular |
Bandaram Pharma Packtech Limited | 30-Jun | 30-Jun | ?10 | 12-Jul to 17-Jul | 20-Jul | 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).
Here's a list of existing SCSBs.
For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.
Dharani Sugars & Chemicals Ltd. has stopped trading
Per a recent circular, the following security (Scrip Code: 507442) has been suspended from trading w.e.f. July 03, 2023.
Name of the Company | Symbol | Reason for Suspension |
Dharani Sugars & Chemicals Ltd. | DHARSUGAR | Bankruptcy & Insolvency |
Refer: BSE Circular | NSE Circular
W.e.f 03-Jul-23: New Identity for Gyscoal Alloys Ltd.
As per a recent circular, the name of Gyscoal Alloys Ltd. (Scrip code: 533275) will be changed as follows w.e.f 03-Jul-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
GAL | SHAH | Gyscoal Alloys Ltd. | Shah Metacorp Ltd. |
Refer: BSE Circular | NSE Circular
IPO Alert: Senco Gold Ltd.
Senco Gold is the largest organized jewelry retail player in the Eastern region of India based on number of stores. Their products are sold under the “Senco Gold & Diamonds” trade name, through multiple channels, including their 70 Company Operated Showrooms and 57 Franchisee Showrooms and various online platforms.
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 11-Jul-23 |
Initiation of Refunds | 12-Jul-23 |
Credit of Shares to Demat Acct | 13-Jul-23 |
IPO Shares Listing Date | 14-Jul-23 |
UPI mandate expiry date | 15-Jul-23 |
In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.