Anand Rathi Wealth share price to remain in focus after the company has announced the Record Date for its upcoming bonus equity share issue. The Board of Directors has fixed Wednesday, March 5, 2025, as the Record Date to determine the eligibility of shareholders.
The company has received in-principle approval from BSE Limited and the National Stock Exchange of India Limited under Regulation 28(1) of SEBI (LODR) Regulations, 2015, for the issuance and proposed allotment of 4,15,10,317 Bonus Equity Shares of ₹5/- each.
The bonus shares will be issued in a 1:1 ratio, meaning shareholders will receive one new equity share for every existing share held. Following shareholder approval via postal ballot on February 16, 2025, the Bonus Allotment Committee has fixed the record date as Wednesday, March 5, 2025, to determine eligible shareholders. The deemed date of allotment has been set for Thursday, March 6, 2025, in line with SEBI’s guidelines.
Additionally, the company will submit the necessary documents to the depository by 12:00 PM on the allotment date to facilitate the credit of bonus shares. It will ensure that these fully paid-up Bonus Equity Shares are available for trading from Friday, March 7, 2025, as per SEBI Circular No. SEBI CIR/CFD/PoD/2024/122, dated September 16, 2024.
This Record Date has been set to identify eligible shareholders for the allotment of the bonus equity shares.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 4, 2025, 8:18 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
