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 |
Offer for Sale (OFS) - INDIA GRID TRUST
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 |
INDIGRID |
Non-Retail |
22-Aug, 10:00 am - 03:30 pm |
Rs. 132 |
NA |
Corporate Actions - August 2024
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 |
PVV Infra Limited |
536659 |
20-Aug |
20-Aug |
1:1 |
|
Sprayking Limited |
540079 |
21-Aug (Revised) |
21-Aug (Revised) |
1:1 |
|
Sakuma Exports Limited |
532713 |
10-Aug |
09-Aug |
4:1 |
|
Walpar Nutritions Limited |
WALPAR |
14-Aug |
14-Aug |
1:1 |
|
Gujarat Themis Biosyn Limited |
506879 |
09-Aug |
09-Aug |
1:2 |
|
EIH Associated Hotels Ltd. |
EIHAHOTELS |
13-Aug |
13-Aug |
1:1 |
|
GRP Limited |
GRPLTD |
12-Aug |
12-Aug |
3:1 |
Sub-division
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/ISIN |
Record Date |
Ex-split Date |
Sub-division Ratio |
Circular |
Andhra Paper Ltd |
ANDHRAPAP |
11-Sep-24 |
11-Sep-24 |
1:5 |
|
Aditya Vision Limited |
INE679V01027 |
27-Aug |
28-Aug |
1:10 |
CDSL Circular (CDSL/OPS/DP/C AIPO/2024/478) |
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 |
Impact on F&O Price |
Record Date |
Effective Date |
Circular |
Bharat Petroleum Corporation Limited |
BPCL |
₹10.40 |
09-Aug |
09-Aug |
||
Hindustan Petroleum Corporation Limited |
HINDPETRO |
₹11 |
09-Aug |
09-Aug |
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 |
Record Date |
Issue Date |
Offer Price Per Share |
Circular |
---|---|---|---|---|---|
Welspun Living Limited |
WELSPUNLIV |
- |
09-Aug to 16-Aug (Excluding 15-Aug) |
₹220 |
|
Symphony Limited |
SYMPHONY |
21-Aug |
- |
- |
|
AIA Engineering Ltd. |
AIAENG |
20-Aug |
26-Aug to 30-Aug |
₹5000 |
|
Cera Sanitaryware Ltd. |
CERA |
16-Aug |
- |
- |
|
Chaman Lal Setia Exports Ltd. |
CLSEL |
19-Aug |
23-Aug to 29-Aug |
- |
|
VLS Finance Limited |
VLSFINANCE |
26-Aug |
- |
- |
|
Savita Oil Technologies Limited |
SOTL |
16-Aug |
- |
- |
|
Mayur Uniquoters Limited |
MAYURUNIQ |
23-Aug |
- |
- |
|
TTK Prestige Limited |
TTKPRESTIG |
- |
21-Aug to 27-Aug |
₹1200 |
|
Technocraft Industries (India) Limited |
TIIL |
27-Aug |
- |
- |
|
KDDL Ltd. |
KDDL |
27-Aug |
- |
||
Suprajit Engineering Ltd. |
SUPRAJIT |
27-Aug |
- |
- |
|
Dhanuka Agritech Limited |
DHANUKA |
- |
22-Aug to 28-Aug |
₹2000 |
|
Weizmann Limited |
WEIZMANIND |
30-Aug |
30-Aug |
- |
|
Indian Toners & Developers Ltd. |
523586 |
30-Aug |
30-Aug |
- |
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/Scrip Code |
Record Date |
Issue Date |
Offer Price Per Share |
Circular |
---|---|---|---|---|---|
Inertia Steel Ltd. |
512025 |
- |
16-Aug to 28-Aug |
₹18 |
Offer for Sale (OFS) - HINDUSTAN ZINC LIMITED
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 |
HINDZINC |
Non-Retail |
10-Aug, 10:00 am - 03:30 pm |
Rs. 486 |
NA |
Rights Issue - August 2024
[Aug-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 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 August 2024:
Company |
Ex-date |
Record Date |
RI Price (Rs. per share) |
RE Trading Period |
Last date to apply for Rights Shares |
Where to apply for rights shares |
Circular |
Sharat Industries Limited |
12-Jul |
12-Jul |
₹31 (On App ₹7.75 PP Share) |
24-Jul to 01-Aug |
07-Aug |
ASBA |
BSE Circular |
Inventure Growth & Securities Limited |
05-Jul |
05-Jul |
₹2.33 |
15-Jul to 07-Aug |
13-Aug |
ASBA |
NSE Circular |
GACM Technologies Limited |
16-Jul |
16-Jul |
₹1 |
31-Jul to 08-Aug |
14-Aug |
ASBA |
BSE/NSE Circular |
GACM Technologies Limited (DVR) |
16-Jul |
16-Jul |
₹1 |
31-Jul to 08-Aug |
14-Aug |
ASBA |
BSE/NSE Circular |
Tata Consumer Products Limited |
27-Jul |
27-Jul |
₹818 |
05-Aug to 12-Aug |
19-Aug |
ASBA |
BSE/NSE Circular |
Shrydus Industries Limited |
19-Jul |
19-Jul |
₹18 |
05-Aug to 14-Aug |
19-Aug |
ASBA |
BSE Circular |
Nirman Agri Genetics Limited |
29-Jul |
29-Jul |
₹239 |
05-Aug to 19-Aug |
23-Aug |
ASBA |
NSE Circular |
Orient Tradelink Limited |
03-May |
03-May |
₹10 |
- |
- |
ASBA |
BSE Circular |
A B Infrabuild Limited |
17-May |
17-May |
₹18 |
- |
- |
ASBA |
NSE Circular |
Jaykay Enterprises Limited |
19-Jul |
19-Jul |
₹25 |
27-Aug to 29-Aug |
04-Sep |
ASBA |
BSE Circular |
Swiss Military Consumer Goods Limited |
09-Aug |
09-Aug |
₹12.50 |
23-Aug to 03-Sep |
06-Sep |
ASBA |
BSE Circular |
Luharuka Media & Infra Limited |
02-Aug |
02-Aug |
₹3 |
14-Aug to 22-Aug |
28-Aug |
ASBA |
BSE Circular |
Vishvprabha Ventures Limited |
07-Aug |
07-Aug |
₹32 |
19-Aug to 27-Aug |
02-Sep |
ASBA |
BSE Circular |
Orient Green Power Company Limited |
13-Aug |
13-Aug |
₹13 |
27-Aug to 09-Sep |
13-Sep |
ASBA |
BSE Circular |
Vinny Overseas Limited |
14-Aug |
14-Aug |
₹2 |
27-Aug to 04-Sep |
10-Sep |
ASBA |
BSE/NSE Circular |
A F Enterprises Limited |
16-Aug |
16-Aug |
₹10 (On App ₹2.50 PP Share) |
26-Aug to 28-Aug |
03-Sep |
ASBA |
BSE Circular |
Akshar Spintex Limited |
23-Aug |
23-Aug |
₹1 |
- |
- |
ASBA |
BSE/NSE Circular |
Dhyaani Tradeventtures Limited |
23-Aug |
23-Aug |
₹23 |
- |
- |
ASBA |
BSE Circular |
Atal Realtech Limited |
22-Aug |
22-Aug |
₹7 |
- |
- |
ASBA |
BSE/NSE Circular |
Modern Engineering & Projects Limited |
26-Aug |
26-Aug |
₹40 |
- |
- |
ASBA |
BSE Circular |
Vardhman Polytex Limited |
28-Aug |
28-Aug |
₹6 |
- |
- |
ASBA |
BSE/NSE Circular |
Ducon Infratechnologies Limited |
30-Aug |
30-Aug |
7 |
- |
- |
ASBA |
BSE/NSE 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.
[01-Aug-24] Quantity Freeze Limits for Indices
As per a recent NSE Circular, the Quantity Freeze Limit and market lots for different indices have been revised w.e.f 01-Aug-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 (For Monthly Contracts and Weekly Contracts Starting 06-Aug-24) |
4. |
MIDCPNIFTY |
2800 |
56 (For Monthly Contracts and Weekly Contracts Starting 05-Aug-24) |
5. |
NIFTYNXT50 |
600 |
60 |
*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows: BANKNIFTY= 15; NIFTY=25; FINNIFTY=25 (Monthly Contracts) and 40 (Weekly Contracts); MIDCPNIFTY=50 (Monthly Contracts) and 75 (Weekly Contracts); NIFTYNXT50=10 |
Note:
- The lot size of FINNIFTY has changed from 40 to 25, starting with July monthly contracts and 06-Aug for weekly contracts.
- The lot size of MIDCAPNIFTY has changed from 75 to 50, starting with July monthly contracts and 05-Aug for weekly contracts.
Refer: NSE Circular
Bonus Issue of EIH Associated Hotels Limited
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.
As per the recent BSE circular, EIH Associated Hotels Ltd. (Scrip Code:523127) is issuing 1 bonus share 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 |
EIH Associated Hotels Ltd. |
EIHAHOTELS |
13-Aug |
13-Aug |
Refer: BSE Circular
Delisting of equity shares of SBIHOMEFIN
As per recent circulars of NSE, the following security will be delisted w.e.f. 12-Aug-24.
Name of the Company |
Symbol |
Reason for Suspension |
SBI Home Finance Limited |
SBIHOMEFIN |
Voluntary Delisting |
Refer: NSE Circular
Bonus Issue of Sakuma Exports Limited
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.
As per the recent BSE circular, Sakuma Exports Limited (Scrip Code: 532713) is issuing 4 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 |
Sakuma Exports Limited |
SAKUMA |
10-Aug |
09-Aug |
Refer: BSE Circular
Bonus Issue of GRP Limited
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.
As per the recent BSE circular, GRP Ltd. (Scrip Code: 509152) is issuing 3 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 |
GRP Limited |
GRPLTD |
12-Aug |
12-Aug |
Refer: BSE Circular