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, stay…

[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

BSE Circular

Acceleratebs India Limited

543938

12-Sep-24

12-Sep-24

3:5

BSE Circular

VST Industries Ltd. 

VSTIND

06-Sep-24

06-Sep-24

10:1

BSE Circular

Indo Cotspin Limited

538838

10-Sep-24

10-Sep-24

7:10

BSE Circular

Bigbloc Construction Limited

BIGBLOC

12-Sep-24

12-Sep-24

1:1

BSE Circular

Monarch Networth Capital Limited

MONARCH

13-Sep-24

13-Sep-24

1:1

BSE Circular

Axita Cotton Limited

AXITA

20-Sep-24

20-Sep-24

1:3

BSE Circular

The Phoenix Mills Ltd.

PHOENIXLTD

21-Sep-24

21-Sep-24

1:1

BSE Circular

RITES Limited

RITES

20-Sep-24

20-Sep-24

1:1

BSE Circular

Saksoft Limited

SAKSOFT

19-Sep-24

19-Sep-24

1:4

BSE Circular

Starlineps Enterprises Ltd

540492

25-Sep-24

25-Sep-24

1:5

BSE Circular

IFL Enterprises Ltd

540377

21-Sep-24

21-Sep-24

1:150

BSE Circular

NDR Auto Components Limited

NDRAUTO

25-Sep-24

25-Sep-24

1:1

BSE Circular

Pulsar International Limited

512591

28-Sep-24

28-Sep-24

1:10

BSE Circular

Mindteck (India) Ltd

MINDTECK

20-Sep-24

20-Sep-24

1:4

BSE Circular

Ujaas Energy Limited

UEL

20-Sep-24

20-Sep-24

1:4

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/Scrip Code

Sub-division Ratio

Record Date

Ex-split Date

Circular

Andhra Paper Ltd

ANDHRAPAP

1:5

11-Sep-24

11-Sep-24

BSE Circular

Sportking India Ltd

SPORTKING

1:10

13-Sep-24

13-Sep-24

BSE Circular

Varun Beverages Ltd

VBL

1:1

12-Sep-24

12-Sep-24

BSE Circular

Krishna Institute of Medical Sciences Ltd

KIMS

1:5

13-Sep-24

13-Sep-24

BSE Circular

Fedders Holding Ltd

511628

1:10

20-Sep-24

20-Sep-24

BSE Circular

Nandan Denim Limited

NDL

1:10

19-Sep-24

19-Sep-24

BSE Circular

Rajshree Polypack Limited

RPPL

5:10

17-Sep-24

17-Sep-24

NSE Circular

Starlineps Enterprises Ltd

540492

1:5

25-Sep-24

25-Sep-24

BSE Circular

Sanghvi Movers Ltd.

SANGHVIMOV

1:2

27-Sep-24

27-Sep-24

BSE Circular

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

NSE Circular | MSE Circular

Vedanta Limited

VEDL

₹20

10-Sep-24

10-Sep-24

NSE Circular | MSE Circular

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

NSE Circular | BSE Circular

Technocraft Industries (India) Limited

TIIL

₹4500

NSE Circular

Aarti Drugs Limited

AARTIDRUGS

-

BSE Circular

Ladderup Finance Ltd.

530577

-

BSE Circular

Transport Corporation of India Ltd

TCI

-

BSE Circular

Nucleus Software Exports Limited

NUCLEUS

₹1615

NSE Circular

Arex Industries Ltd.

526851

-

BSE Circular

Jai Corp Limited

JAICORPLTD

-

BSE Circular

Weizmann Limited

WEIZMANIND

₹160

BSE Circular

Anglo French Drugs & Industries Limited

201927

₹4000

BSE Circular

Insecticides India Ltd.

INSECTICID

₹1000

BSE Circular/NSE Circular

Indian Toners & Developers Ltd

INDTONER

₹450

BSE Circular

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

BSE Circular

ORTINLAB

ORTINLAB

Ortin Laboratories Ltd

Ortin Global Limited

03-Sep-24

BSE Circular

514440

514440

Blue Pearl Texspin Limited

Blue Pearl Agriventures Limited

13-Sep-24

BSE Circular

541741

541741

Tinna Trade Ltd

Fratelli Vineyards Limited

13-Sep-24

BSE Circular

FUSION

FUSION

Fusion Micro Finance Ltd

Fusion Finance Limited

16-Sep-24

BSE Circular

504731

504731

Indian Bright Steel Co. Ltd. 

Azad India Mobility Limited

24-Sep-24

BSE Circular

508963

508963

Sterling Guaranty & Finance Ltd. 

Trustwave Securities Limited

26-Sep-24

BSE Circular

ALLSEC

ALLSEC

Allsec Technologies Ltd.

Alldigi Tech Limited

27-Sep-24

BSE Circular

TIPSINDLTD

TIPSINDLTD

Tips Industries Ltd.

Tips Music Limited

30-Sep-24

BSE Circular

537840

537840

Raunaq EPC International Ltd.

Raunaq International Limited

30-Sep-24

BSE Circular

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

BSE Circular

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

BSE Circular

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

BSE Circular

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

BSE Circular

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

BSE Circular

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

NSE Circular

Linaks Microelectronics Limited

517463

13-Sep-24

Insolvency and Bankruptcy

BSE Circular

Starlite Components Ltd

517548

09-Sep-24

Insolvency and Bankruptcy

BSE Circular

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

BSE Circular

Delisting of Companies

Name of the Company

Symbol

Effective Date

Reason

Circular

Spicy Entertainment and Media Ltd

540084

18-Sep-24

Regulatory Procedure

BSE 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

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 infor…

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

BSE Circular

Sprayking Limited

540079

21-Aug (Revised)

21-Aug (Revised)

1:1

BSE Circular

Sakuma Exports Limited

532713

10-Aug

09-Aug

4:1

BSE Circular

Walpar Nutritions Limited

WALPAR

14-Aug

14-Aug

1:1

NSE Circular

Gujarat Themis Biosyn Limited

506879

09-Aug

09-Aug

1:2 

BSE Circular

EIH Associated Hotels Ltd.

EIHAHOTELS

13-Aug

13-Aug

1:1

BSE Circular

GRP Limited

GRPLTD

12-Aug

12-Aug

3:1

BSE Circular

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

BSE Circular

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

NSE Circular

Hindustan Petroleum Corporation Limited

HINDPETRO

₹11

09-Aug

09-Aug

NSE Circular

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

NSE Circular

Symphony Limited

SYMPHONY

21-Aug

-

-

BSE Circular

AIA Engineering Ltd. 

AIAENG

20-Aug

26-Aug to 30-Aug

₹5000

BSE Circular

Cera Sanitaryware Ltd.

CERA

16-Aug

-

-

BSE Circular

Chaman Lal Setia Exports Ltd.

CLSEL

19-Aug

23-Aug to 29-Aug 

-

BSE Circular

VLS Finance Limited

VLSFINANCE

26-Aug

-

-

BSE Circular

Savita Oil Technologies Limited

SOTL

16-Aug

-

-

BSE Circular

Mayur Uniquoters Limited

MAYURUNIQ

23-Aug

-

-

BSE Circular

TTK Prestige Limited

TTKPRESTIG

-

21-Aug to 27-Aug

₹1200

NSE Circular

Technocraft Industries (India) Limited

TIIL

27-Aug

-

-

BSE Circular

KDDL Ltd.

KDDL

27-Aug

-

BSE Circular

Suprajit Engineering Ltd. 

SUPRAJIT

27-Aug

-

-

BSE Circular

Dhanuka Agritech Limited

DHANUKA

-

22-Aug to 28-Aug

₹2000

NSE Circular

Weizmann Limited

WEIZMANIND

30-Aug

30-Aug

-

BSE Circular

Indian Toners & Developers Ltd.

523586

30-Aug

30-Aug

-

BSE Circular

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

BSE 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

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 rig…

[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.

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 Quant…

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:

  1. The lot size of FINNIFTY has changed from 40 to 25, starting with July monthly contracts and 06-Aug for weekly contracts.
  2. 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 

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 …

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

As per recent circulars of NSE, the following security will be delisted w.e.f. 12-Aug-24.  Name of the Company Symbol Reaso…

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

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 …

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 …

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