Upcoming Bonus Shares in September 2024

Bonus shares are additional shares given to existing shareholders at no extra cost, based on the number of shares they already own. This corporate action is typically used by companies to distribute accumulated profits or reserves to shareholders, reflecting a company’s financial health and growth prospects.

For example, if a company declares a 1:1 bonus issue, shareholders receive one additional share for every share they already own. If an investor holds 100 shares of the company, they would receive an additional 100 bonus shares. This issuance increases the number of shares in circulation, potentially lowering the share price but offering shareholders more equity in the company.

In this article, check the stocks that are offering bonus shares in September 2024.

List of Bonus Issues in September 2024

Overview of the Companies Issuing Bonus Shares in September 2024

1. VST Industries Ltd

VST Industries Ltd is involved in the manufacturing and sale of cigarettes and unmanufactured tobacco. In Q1 FY 2025, the company’s total income was ₹43,294 lakh, which dropped from ₹45,292 lakh in Q1 FY 2024. In the quarter ended June 2024, the company’s profit after tax was ₹5,358 lakh, compared to ₹8,370 lakh in Q1 FY 2024.

On August 29, 2024, the share price of VST Industries Ltd opened at ₹4,805.00, touching the day’s high at ₹4,862.00, as of 11:01 AM on the NSE.

2. Garment Mantra Lifestyle Ltd

Garment Mantra Lifestyle Ltd is purely a wholesale unit that manufactures and sells premium-quality garments. In Q1 FY 2025, the company’s total income was ₹4,069.74 lakh, which increased from ₹2,735.40 lakh in Q1 FY 2024. In the quarter ended June 2024, the company’s profit after tax was ₹70.28 lakh, compared to ₹28.54 lakh in Q1 FY 2024.

On August 29, 2024, the share price of Garment Mantra Lifestyle Ltd opened at ₹7.24, touching the day’s high at ₹7.39, as of 11:01 AM on the BSE.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.