Sub-division of equity shares of Akashdeep Metal 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 circular, 1 equity share of Akashdeep Metal Industries Ltd. (Scrip Code: 538778) will be subdivided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Akashdeep Metal Industries Ltd. | AKASHDEEP | 1:5 | 23-Feb | 23-Feb |
Refer: BSE circular
W.e.f 17-Feb: New Identity for Ozone World Ltd.
As per a recent circular, the name of Ozone World Ltd. (Scrip code: 539291) will be changed as follows w.e.f 17-Feb-23.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
OZONEWORLD | VASUDHAGAM | Ozone World Ltd. | Vasudhagama Enterprises Ltd. |
Refer: BSE Circular
Amalgamation of INOX Leisure Ltd. and PVR Ltd.
As per a BSE circular, PVR Ltd has announced the allotment of equity shares to INOX Leisure Ltd. shareholders w.e.f 17-Feb-23. 3 equity shares with a face value of Rs.10/- each of PVR Ltd. to be issued as fully paid up equity shares for every 10 fully paid up equity shares with a face value of Rs 10/- each held by shareholders of INOX Leisure Ltd.
The following security will be suspended from trading w.e.f 17-Feb-23.
Name of Company | Symbol | Series | Reason for Suspension |
INOX Leisure Limited | INOXLEISUR | EQ | Scheme of Amalgamation |
Refer: BSE Circular | NSE Circular
Sub-division of equity shares of Shreeji Translogistics 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 circular, 1 equity share of Shreeji Translogistics Ltd. (Scrip Code: 540738) will be subdivided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Shreeji Translogistics Ltd. | STL | 1:5 | 15-Feb | 15-Feb |
Refer: BSE circular
Bonus Issue of Evans Electric Ltd.
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, Evans Electric Ltd. (Scrip Code: 542668) 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 |
Evans Electric Ltd. | EVANS | 10-Feb | 10-Feb |
Refer: BSE circular
Sub-division of equity shares of Latteys 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 circular, 1 equity share of Latteys Industries Ltd. will be subdivided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Latteys Industries Ltd. | LATTEYS | 1:5 | 10-Feb | 10-Feb |
Refer: NSE circular
Sub-division of equity shares of Servotech Power Systems 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 circular, 1 equity share of Fourth Dimension Solutions Ltd. will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Servotech Power Systems Ltd. | SERVOTECH | 1:5 | 03-Feb | 03-Feb |
Refer: NSE circular
W.e.f 27-Jan: New Identity for TRC Financial Services Ltd.
As per a recent circular, the name of TRC Financial Services Ltd. (Scrip code: 511730) will be changed as follows w.e.f 27-Jan-23.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
TRCFIN | AVASARA | TRC Financial Services Ltd. | Avasara Finance Ltd. |
Refer: BSE Circular
Rights Issue - January 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 January 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 |
Pacific Industries Ltd. | 11- Jan | 11- Jan | Rs. 139 | 19- Jan to 30- Jan | 2- Feb | ASBA | BSE Circular |
Aarti Surfactants Ltd. | 17- Jan | 17- Jan | Rs. 555(Rs. 222 on app) | 25- Jan to 27- Jan | 3- Feb | ASBA | BSE Circular |
Family Care Hospitals Ltd. | 3- Jan | 3- Jan | Rs. 12 | 23- Jan to 1- Feb | 7- Feb | ASBA | BSE Circular |
Heritage Foods Ltd. | 20- Jan | 20- Jan | Rs. 5 | 30-Jan to 8- Feb | 13- Feb | ASBA | BSE Circular |
Indowind Energy Ltd. | 13- Jan | 13- Jan | Rs. 12 | 27- Jan to 6- Feb | 10- Feb | ASBA | BSE Circular |
Markolines Pavement Technologies Ltd. | 17- Jan | 17- Jan | Rs. 167 | 27- Jan to 6- Feb | 9- Feb | ASBA | BSE Circular |
Gyscoal Alloys Ltd. | 23- Dec | 23- Dec | Rs. 2.75 | 2- Jan to 9-Jan | 12- Jan | ASBA | BSE Circular |
Quint Digital Media Ltd. | 22- Dec | 22- Dec | Rs. 50 | 9- Jan to 13-Jan | 24- Jan | ASBA | BSE Circular |
Jet Freight Logistics Ltd. | 11- Jan | 11- Jan | Rs. 16.25 | 20- Jan to 25-Jan | 31- Jan | ASBA | BSE Circular |
Vaxfab Enterprises Ltd. | 3- Jan | 3- Jan | Rs. 18 | 18- Jan to 25-Jan | 31- Jan | ASBA | BSE Circular |
Visagar Financial Services Ltd. | 30- Dec | 30- Dec | Re. 1 | 12- Jan to 25-Jan | 2- Feb | ASBA | BSE Circular |
Rajapalayam Mills Ltd. | 30- Dec | 30- Dec | Rs. 569 | 18- Jan to 2-Feb | 10- Feb | 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
T+1 Settlement: January Update
As you all know, from Feb-22, NSE & BSE introduced the T+1 settlement cycle in the Cash Segment in a phased manner as per the SEBI guidelines.
W.e.f 27-Jan-23:
Important points for stocks under T+1 settlement in Cash segment:
Refer: NSE Circular | BSE Circular | Overview of T+1 settlement