Revision in Quarterly & Monthly Settlement of Running Accounts
As per SEBI guidelines, Angel One needs to mandatorily settle any unutilized funds by transferring them to your bank account on a monthly/quarterly basis opted by you.
Below are the main points of SEBI’s guidelines:
With regard to the same, we would like to inform you that SEBI has revised the settlement timeline. W.ef. 01-Oct-2022, the mandatory settlement of any unutilized funds will take place on the first Friday of every month (if you have chosen monthly settlement) or on the first Friday of the next quarter (if you have opted for quarterly settlement).
Please refer to the table below to understand quarterly settlement dates.
Settlement Days |
1st Friday of July |
1st Friday of October |
1st Friday of January |
1st Friday of April |
As this is the 2nd quarter of the year and the circular is effective from 01-Oct-2022, the first settlement post the said revision will take place on the 1st Friday of October 2022.
Kindly note that if Friday is a trading holiday, such settlement shall happen on the previous trading day.
To know more about this revision in SEBI settlement dates, refer to the circular.
Bonus Issue of CHOICEIN
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, Choice International Ltd. (Scrip Code: 531358) 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 |
Choice International Ltd. | CHOICEIN | 23-Sep | 22-Sep |
Refer: BSE circular
Sub-division of equity shares of Leading Leasing Finance & Investment Company 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 BSE circular, 1 equity share of Leading Leasing Finance & Investment Company Ltd. (Scrip Code: 540360) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Leading Leasing Finance & Investment Company Ltd. | LLFICL | 1:10 | 22-Sep | 22-Sep |
Refer: BSE circular
Bonus Issue of SHUBHAM
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, Shubham Polyspin Ltd. (Scrip Code: 542019) is issuing 1 bonus share for every 10 existing shares. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Shubham Polyspin Ltd. | SHUBHAM | 22-Sep | 21-Sep |
Refer: BSE circular
Bonus Issue of ECLERX
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, eClerx Services Ltd. (Scrip Code: 532927) 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 |
eClerx Services Ltd. | ECLERX | 22-Sep | 21-Sep |
Refer: BSE circular
W.e.f 21-Sep: New Identity for Redington Ltd.
As per a recent NSE circular, the name and symbol of Redington (India) Ltd. will be changed as follows w.e.f 21-Sep-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
REDINGTON | REDINGTON | Redington (India) Ltd. | Redington Ltd. |
Refer: NSE Circular
Bonus Issue of ALPHALOGIC
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, Alphalogic Techsys Ltd. (Scrip Code: 542770) is issuing 1 bonus shares 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 |
Alphalogic Techsys Ltd. | ALPHALOGIC | 21-Sep | 21-Sep |
Refer: BSE circular
W.e.f 20-Sep: New Identity for Sea Gold Aqua Farms Ltd.
As per a recent circular, the name and symbol of Sea Gold Aqua Farms Ltd. (Scrip code: 530361) will be changed as follows w.e.f 20-Sep-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
SEAGOLD | PRABHHANS | Sea Gold Aqua Farms Ltd. | Prabhhans Industries Ltd. |
Refer: BSE Circular
W.e.f 19-Sep: New Identity for Amani Trading & Exports Ltd.
As per a recent circular, the name and symbol of Amani Trading & Exports Ltd. (Scrip code: 512008) will be changed as follows w.e.f 19-Sep-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
AMANITRA | EFCIL | Amani Trading & Exports Ltd. | EFC (I) Ltd. |
Refer: BSE Circular
Bonus issue of GKP
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, GKPPrinting & Packaging Ltd. (Scrip Code: 542666) 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 |
GKP Printing & Packaging Ltd. | GKP | 19-Sep | 16-Sep |
Refer: BSE circular