Corporate Actions - January 2025
[Jan-25] Stay ahead of the curve with our monthly Corporate Actions roundup!
Corporate actions have an impact on your portfolio and thus, staying informed is 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 |
KPI Green Energy Limited |
542323 |
03-Jan |
03-Jan |
1:2 |
|
Ceenik Exports (India) Ltd |
531119 |
03-Jan |
03-Jan |
1:5 |
|
Garware Technical Fibres Limited |
509557 |
03-Jan |
03-Jan |
4:1 |
|
Surya Roshni Ltd |
500336 |
01-Jan |
01-Jan |
1:1 |
|
Padam Cotton Yarns Ltd. |
531395 |
08-Jan |
08-Jan |
1:1 |
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 |
Sub-division Ratio |
Record Date |
Ex-split Date |
Circular |
Getalong Enterprise Ltd |
544372 |
1:10 |
02-Jan |
02-Jan |
|
Kamdhenu Limited |
KAMDHENU |
1:10 |
08-Jan |
08-Jan |
|
Shriram Finance Limited |
SHRIRAMFIN |
5:1 |
10-Jan |
10-Jan |
|
Julien Agro Infratech Ltd |
536073 |
1:2 |
08-Jan |
08-Jan |
|
Inertia Steel Ltd. |
512025 |
1:10 |
03-Jan |
03-Jan |
|
Jagsonpal Pharmaceuticals Ltd. |
507789 |
2:5 |
08-Jan |
08-Jan |
[01-Jan-25] 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-Jan-25.
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 |
4. |
MIDCPNIFTY |
2800 |
56 |
5. |
NIFTYNXT50 |
600 |
60 |
*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows: NIFTY= 75; BANKNIFTY= 30; FINNIFTY=65 ; MIDCPNIFTY=120; NIFTYNXT50=25 |
Refer: NSE Circular
ITC Limited (ITC) Corporate Action
As per NSE’s circular, ITC Ltd has announced the allotment of 1 equity share of ITC Hotels Limited for every 10 equity shares of ITC Limited.
Also, all existing F&O contracts of ITC Limited with expiry dates of 30-Jan, 27-Feb, and 27-Mar will now be expiring on 03-Jan-25 (NSE Circular).
If you have any existing open positions in these contracts, kindly take the below steps:
- Maintain 100% of the contract value on or before 03-Jan-25 to avoid RMS square-off and/or margin shortfall penalty.
- Square off any existing open positions by 03-Jan-25 to avoid physical settlement and/or margin shortfall penalty.
The ITC F&O Contracts for the above expiry dates will be re-introduced for trading on 06-Jan-25. The list of option strikes from which specific strike prices would be made available for these contracts will be communicated via a separate circular to be issued on 03-Jan-25 post-market hours.
Preponement of F&O Open Positions Physical Margin Schedule Because of Christmas (Dec-24)
As per the exchange guidelines, the margin required for all the existing F&O Open Positions will start increasing four trading days before the expiry date (i.e., the last Thursday of every month) in a staggered manner.
However, due to the trading holiday on 25-Dec-24, i.e., Wednesday, on the occasion of Christmas, the F&O Open Positions margin schedule has been preponed.
Take a look at the revised margin schedule below.
Date |
Day |
Margin Applicable |
19-Dec-24 |
Thursday |
10% of the delivery margin computed |
20-Dec-24 |
Friday |
25% of the delivery margin computed |
23-Dec-24 |
Monday |
45% of the delivery margin computed |
24-Dec-24 |
Tuesday |
75% of the delivery margin computed |
26-Dec-24 |
Thursday |
100% of the delivery margin computed |
[05-Dec-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 05-Dec-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 |
4. |
MIDCPNIFTY |
2800 |
56 |
5. |
NIFTYNXT50 |
600 |
60 |
*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows: NIFTY= 75; BANKNIFTY= 30; FINNIFTY=65 ; MIDCPNIFTY=120; NIFTYNXT50=25 |
Refer: NSE Circular
Rights Issue - December 2024
[Dec-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 arights 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 December 2024:
Company |
Ex-date |
Record Date |
RI Price (₹ per share) |
RE Trading Period |
Last date to apply for Rights Shares |
Where to apply for rights shares |
Circular |
DMR Hydroengineering & Infrastructures Limited |
22-Oct |
22-Oct |
₹140 |
04-Nov to 25-Nov |
03-Dec-24 |
ASBA |
|
Diligent Industries Limited |
24-Oct |
24-Oct |
₹3.60 |
11-Nov to 03-Dec |
09-Dec-24 (Extended) |
ASBA |
|
Mercury Trade Links Limited |
24-Oct |
24-Oct |
₹44.95 |
07-Nov to 29-Nov |
06-Dec (Extended) |
ASBA |
|
Asian Petroproducts & Exports Limited |
30-Oct |
30-Oct |
₹10 |
11-Nov to 02-Dec |
05-Dec (Extended) |
ASBA |
|
Shangar Decor Limited |
28-Oct |
28-Oct |
₹5.76 |
08-Nov to 29-Nov |
06-Dec |
ASBA |
|
Pradhin Limited |
14-Nov |
14-Nov |
₹25 |
25-Nov to 10-Dec |
16-Dec |
ASBA |
|
UPL Limited |
26-Nov |
26-Nov |
₹360 (₹90 on App PP Share) |
05-Dec to 11-Dec |
17-Dec |
ASBA |
BSE/NSE Circular |
NHC Foods Limited |
26-Nov |
26-Nov |
₹1 |
05-Dec to 12-Dec |
18-Dec |
ASBA |
|
Scanpoint Geomatics Limited |
27-Nov |
27-Nov |
₹6 |
05-Dec to 09-Dec |
17-Dec (Extended) |
ASBA |
|
Jonjua Overseas Limited |
29-Nov |
29-Nov |
₹10 |
13-Dec to 17-Dec |
23-Dec |
ASBA |
|
Enbee Trade & Finance Limited |
28-Nov |
28-Nov |
₹13 |
10-Dec to 23-Dec |
30-Dec |
ASBA |
|
LWS Knitwear Limited |
28-Nov |
28-Nov |
₹18 |
12-Dec to 19-Dec |
24-Dec |
ASBA |
|
Viceroy Hotels Limited |
29-Nov |
29-Nov |
₹112 |
12-Dec to 18-Dec |
24-Dec |
ASBA |
BSE/NSE Circular |
Ace Software Exports Limited |
05-Dec |
05-Dec |
₹78 (₹39 on App PP Share) |
16-Dec to 20-Dec |
27-Dec |
ASBA |
|
Vistar Amar Limited |
06-Dec |
06-Dec |
₹117 |
13-Dec to 17-Dec |
20-Dec |
ASBA |
|
Sikko Industries Limited |
06-Dec |
06-Dec |
₹98 |
23-Dec to 02-Jan |
07-Jan |
ASBA |
NSE Circular |
Quasar India Limited |
11-Dec |
11-Dec |
₹1.14 |
20-Dec to 13-Jan |
17-Jan |
ASBA |
|
Avonmore Capital & Management Services Limited |
12-Dec |
12-Dec |
₹10 |
23-Dec to 30-Dec |
06-Jan |
ASBA |
BSE/NSE Circular |
Gujarat Natural Resources Limited |
03-Dec |
03-Dec |
₹10 |
12-Dec to 17-Dec |
20-Dec |
ASBA |
|
Moongipa Capital Finance Limited |
03-Dec |
03-Dec |
₹25 |
12-Dec to 23-Dec |
27-Dec |
ASBA |
|
Aastamangalam Finance Limited |
13-Dec |
13-Dec |
₹42.50 |
27-Dec to 31-Dec |
03-Jan |
ASBA |
|
IRB Infrastructure Trust |
13-Dec |
13-Dec |
₹293.65 |
18-Dec to 18-Dec |
20-Dec |
ASBA |
NSE Circular |
Murae Organisor Limited |
19-Dec |
19-Dec |
₹2 |
20-Dec to 08-Jan |
13-Jan |
ASBA |
|
Mega Corporation Limited |
20-Dec |
20-Dec |
₹1 |
- |
- |
ASBA |
|
Dhanlaxmi Bank Limited |
27-Dec |
27-Dec |
₹21 |
- |
- |
ASBA |
BSE/NSE Circular |
Anupam Finserv Limited |
27-Dec |
27-Dec |
₹1.75 |
- |
- |
ASBA |
|
Moksh Ornaments Limited |
20-Dec |
20-Dec |
₹15 |
30-Dec to 07-Jan |
10-Jan |
ASBA |
NSE Circular |
Sharanam Infraproject & Trading Limited |
31-Dec |
31-Dec |
₹1 |
- |
- |
ASBA |
|
Harshil Agrotech Limited |
31-Dec |
31-Dec |
₹2.43 |
- |
- |
ASBA |
|
Pro Fin Capital Services Limited |
31-Dec |
31-Dec |
₹4.50 |
- |
- |
ASBA |
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.
Corporate Actions - December 2024
[Dec-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 |
Wipro Limited |
WIPRO |
03-Dec-24 |
03-Dec-24 |
1:1 |
|
Achyut Healthcare Limited |
543499 |
10-Dec-24 |
10-Dec-24 |
4:10 |
|
Sky Gold Limited |
541967 |
16-Dec-24 |
16-Dec-24 |
9:1 |
|
Rajeshwari Cans Limited |
543285 |
19-Dec-24 |
19-Dec-24 |
1:1 |
|
Bharat Seats Ltd |
523229 |
20-Dec-24 |
20-Dec-24 |
1:1 |
|
Linc Ltd |
531241 |
20-Dec-24 |
20-Dec-24 |
1:1 |
|
Bharat Global Developers Limited |
521238 |
26-Dec-24 |
26-Dec-24 |
8:10 |
|
NMDC Ltd |
526371 |
27-Dec-24 |
27-Dec-24 |
2:1 |
|
Hardwyn India Limited |
541276 |
27-Dec-24 |
27-Dec-24 |
2:5 |
|
Banco Products (India) Ltd |
500039 |
30-Dec-24 |
30-Dec-24 |
1:1 |
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 |
Sub-division Ratio |
Record Date |
Ex-split Date |
Circular |
Eraaya Lifespaces Ltd |
531035 |
1:10 |
06-Dec-24 |
06-Dec-24 |
|
Achyut Healthcare Limited |
543499 |
1:10 |
10-Dec-24 |
10-Dec-24 |
|
Mazagon Dock Shipbuilders Ltd |
543237 |
1:2 |
27-Dec-24 |
27-Dec-24 |
|
Linc Ltd |
531241 |
1:2 |
20-Dec-24 |
20-Dec-24 |
|
Bharat Global Developers Limited |
521238 |
1:10 |
26-Dec-24 |
26-Dec-24 |
Name Change
Existing Symbol |
New Symbol |
Record Date |
Existing Name of the Company |
New Name of the Company |
Circular |
IIFLSEC |
IIFLCAPS |
03-Dec-24 |
IIFL Securities Limited |
IIFL Capital Services Limited |
|
SWOJAS |
SWOJAS |
02-Dec-24 |
Swojas Energy Foods Ltd. |
Swojas Foods Limited |
|
ONIXSOLAR |
ONIXSOLAR |
06-Dec-24 |
ABC Gas (International) Ltd. |
Onix Solar Energy Limited |
|
975797 |
975797 |
10-Dec-24 |
Laxmi India Finance Pvt Ltd |
Laxmi India Finance Limited |
|
936276 |
936276 |
13-Dec-24 |
Indiabulls Commercial Credit Ltd |
Sammaan Finserve Limited |
|
- |
- |
10-Dec-24 |
Vedika Vanijya Pvt. Ltd. |
Vedika Stock Broking Private Limited |
|
530177 |
530177 |
18-Dec-24 |
SPS International Ltd |
VK Global Industries Limited |
|
505302 |
505302 |
17-Dec-24 |
Lakshmi Automatic Loom Works Ltd. |
Lakshmi Engineering and Warehousing Limited |
|
505504 |
505504 |
19-Dec-24 |
Sindu Valley Technologies Ltd. |
GHV Infra Projects Limited |
|
517271 |
517271 |
23-Dec-24 |
HBL Power Systems Ltd |
HBL Engineering Limited |
|
539546 |
539546 |
30-Dec-24 |
Beekay Niryat Ltd |
Agribio Spirits Limited |
|
526544 |
526544 |
30-Dec-24 |
Scanpoint Geomatic Ltd. |
SGL Resources Limited |
|
539659 |
539659 |
30-Dec-24 |
Vidli Restaurants Ltd |
Vikram Kamats Hospitality Limited |
Suspension of Trading in Shares
Name of the Company |
Symbol |
Effective Date |
Reason for Suspension |
Circular |
Neueon Towers Limited |
NTL |
06-Dec-24 |
Capital Reduction |
Offer for Sale (OFS) - EQUIPPP SOCIAL IMPACT TECHNOLOGIES LTD
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 |
EQUIPPP |
Non-Retail |
02-Dec, 09:15 am - 03:30 pm |
Rs. 27 |
NA |
EQUIPPP |
Retail |
03-Dec, 09:15 am - 03:30 pm |
NA |
Rs. 27 |
Offer for Sale (OFS) - GE VERNOVA T&D INDIA LTD
Offer for Sale of the below company is open in NSE/BSE. 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 |
GET&D |
Non-Retail |
26-Nov, 09:15 am - 03:30 pm |
Rs. 1550 |
NA |
GET&D |
Retail |
27-Nov, 09:15 am - 03:30 pm |
NA |
Rs. 1655 |
Offer for Sale (OFS) - PROTEAN EGOV TECHNOLOGIES LTD
Offer for Sale of the below company is open in BSE. 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 |
PROTEAN |
Non-Retail |
22-Nov, 09:15 am - 03:30 pm |
Rs. 1550 |
NA |
PROTEAN |
Retail |
25-Nov, 09:15 am - 03:30 pm |
NA |
Rs. 1675 |