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Upcoming Bonus Shares: 2 penny stocks to watch for impending price actions

Upcoming Bonus Shares: 2 penny stocks to watch for impending price actions


Bonus shares are additional shares issued out of the reserves of the company and paid to current shareholders based on their shareholding record on the record date. Bonus shares augment the company’s outstanding share capital, which enhances its attractiveness to buy by potential investors. Two penny stocks that investors should keep an eye on are Navoday Enterprises Limited and Janus Corporation Limited since their respective boards of directors have recommended bonus shares. Janus Corporation LimitedThe company has said in a stock exchange filing that “We are pleased to inform you that meeting of the Board of Directors of the Janus Corporation Limited held on today i.e. Wednesday, 12th October, 2022 at 6:00 P.M. to 8:00 P.M. at its registered office at 513 Stanford Building Link Road, Andheri West Mumbai MH 400053, transacted and approved the following matters: 1. Recommended for issue upto 76,52,000 (Seventy Six Lakh Fifty Two Thousand Only) equity shares of Rs. 10/- each as bonus shares of an aggregate nominal value upto Rs. 7,65,20,000/- (Rupees Seven Crore Sixty Five Lakh Twenty Thousand Only), as bonus shares to the shareholders out of the Securities Premium Account and Free Reserve of the company for distribution among the holders of existing fully paid equity shares of Rs. 10/- each of the company, the shareholders will be eligible for Bonus shares, those who will be the shareholder as on the Record Date which will be decided by the Board of Directors in this regards. The Board has fixed day, date, time and notice of Extra -Ordinary General Meeting of the Company will be held on Monday, 07th November, 2022 at 03:00 PM at Registered Office – 513 Stanford Building Link Road, Andheri West Mumbai MH 400053.”

On Friday, Janus Corporation Ltd. shares closed at Rs. 9.00 a piece, up 6.13% from the previous close of Rs. 8.48. In contrast to the 20-Day average volume of 34,725 shares, the stock had a total volume of 97,500 shares on Friday. The stock has fallen 85.58% over the past year, and on a year-to-date basis, it has dropped 68.80% in 2022. Navoday Enterprises LimitedThe company has said in a stock exchange filing that “We are pleased to inform you that Meeting of the board of directors of NAVODAY ENTERPRISES LIMITED held on today i.e. Wednesday, 12th October, 2022 at 05.30 p.m. to 06.30 p.m. at the registered office of the Company B713, 7th Floor, Crystal Plaza, New Link Road opposite Infinity shopping Mall, Andheri West Mumbai-400053, the Board transacted and approved the Following Matters 1. Recommended for issue upto 38,54,000 (Thirty Eight Lacs Fifty Four thousand Only) equity shares of Rs. 10/- each as bonus shares of an aggregate nominal value upto Rs. 3,85,40,000/- (Rupees Three Crore Eighty Five Lacs Forty Thousand Only), as bonus shares to the shareholders out of the Securities Premium Account of the company for distribution among the holders of existing fully paid equity shares of Rs. 10/- each of the company. 2. The Board has fixed day, date, time and notice of Extra -Ordinary General Meeting of the Company will be held on Monday, 07th November, 2022 at 02:00 PM at Registered Office – B-713, 7th Floor, Crystal Plaza, New Link Road opposite Infinity shopping Mall, Andheri West Mumbai-400053.” Navoday Enterprises Limited’s stock gained 7.27% from the previous close of Rs. 11 and settled on Friday at Rs. 11.80 a piece. The stock saw a total volume of 36,000 shares on its last trading day. The stock has gained 7.27% over the past year, and it has climbed 12.92% YTD in 2022.
 

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Multibagger stock announces record date for 2:1 bonus shares: Do you own?

Multibagger stock announces record date for 2:1 bonus shares: Do you own?


A small cap corporation with a market valuation of ₹2,641.73 crore in the metal industry is Shivalik Bimetal Controls Ltd. Shivalik Bimetal Controls Ltd. is a company that specializes in combining materials using a variety of techniques, including resistance welding, solder reflow, diffusion bonding, and bonding/cladding. Thermostatic Bimetal, Clad Metal, Spring Rolled Stainless Steels, Electron Beam Welded Material with Multi- Gauge and Multi- Materials Strips, and Thermostatic Edge- Welded Strips are all part of the company’s current project for a wide range of industries. The corporation has made the record date public in order to establish shareholders’ eligibility for the 2:1 bonus shares. The company has said in a regulatory filing that “This is further to our letter dated August 29, 2022 intimating the Issue of Bonus Shares, which is subject to approval of the shareholders. We wish to inform you that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Thursday, October 13, 2022, as the Record Date to determine eligible shareholders entitled to receive the Bonus Shares.”

The firm announced on August 29, 2022, that the Board of Directors had authorised the issue of bonus shares in a 2:1 ratio, meaning that there would be one bonus equity share worth Rs. 2 for every two fully paid-up equity shares held as of the record date. Bonus share details of Shivalik Bimetal Controls as per the data available on the stock exchange filingsTotal number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): Rs.3,84,02,800/- divided into 19201400 Equity Shares of Rs. 2/- each. Whether bonus is out of free reserves created out of profits or share premium account: Bonus shares will be issued out of free reserves and securities premium account of the Company available as of March 31, 2022. Bonus ratio: 1 (One) equity share of ₹2/- each for every 2 (Two) existing equity shares of Rs.2/- each held as on a record date. Pre-Bonus paid-up share capital is Rs. 7,68,05,600/- divided into 3,84,02,800 equity shares of Rs. 2/- each. Post-Bonus paid-up share capital will be Rs. 11,52,08,400/- divided into 57604200 equity shares of Rs. 2/- each.
Free reserves and/ or share premium required for implementing the bonus issue: Free reserves and/ or share premium of Rs. 3,84,02,800/- is required for implementing the Bonus Issue. Free reserves and/ or share premium available for capitalization and the date as on which such balance is available: As on March 31, 2022, aggregate amount of free reserves, and securities premium account is Rs. 17,949.83 Lakhs. Estimated date by which such bonus shares would be credited/dispatched: Within 2 months from the date of Board approval i.e. by 28th October, 2022. Shivalik Bimetal Controls’ shares on the NSE ended today at Rs. 686.00 a piece, down 3.63 per cent from the previous close of Rs. 711.85. Today’s trading had a total volume of 177,448 shares, which was more than the 20-Day average volume of 106,262 shares. The stock has produced a multibagger return of 453.00% over the past five years, and a multibagger return of 1272.88% during the past three years. The stock has generated a multibagger return of 150.59% over the past year, and on a YTD basis, it has climbed by 72.73% so far in 2022. For the quarter ended June, the company recorded a promoter shareholding of 60.61%, FIIs holding of 0.05%, DIIs holding of 0.16%, and public shareholding of 39.18%.  

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This penny stock announces record date for 6:1 bonus shares: Details inside

This penny stock announces record date for 6:1 bonus shares: Details inside

A small cap company with a market valuation of ₹0.57 Cr, M Lakhamsi Industries Ltd operates in the commercial service industry. A popular Indian supplier for oil seeds, oils, spices & grains is M Lakhamsi Industries Limited. Serving over 25+ products consistently to 75+ locations for the past 50+ years. The company’s board of directors set the record date for the 6:1 bonus shares during their meeting today. The company has said today in a regulatory filing that “In continuation of our outcome of Board Meeting dated 13th August 2022, please take notice that pursuant to provisions of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: a) The Board has fixed Wednesday, 05th day of October 2022 as a record date for the purpose of determining the members eligible to receive final dividend for the financial year 2021-2022; b) The Board has fixed Wednesday, 05th day of October 2022 as the record date, for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Shares in the ratio of 6:1 (i.e. issue of 6 (Six) equity share for every existing 1 (one) equity shares of ₹10/- each subject to in-principal approval of BSE Limited.”

Details of share capital – pre and post-bonus issue as per the data available on the stock exchange filings1. Pre-bonus issue paid-up share capital as on March 31, 2022 is INR 84,80,000/- divided into 8,48,000 equity shares of INR 10/- each. 2. Post-bonus issue paid-up share capital expected to be around – INR 5,93,60,000/- divided into 59,36,000 equity shares of INR 10/- each. No fractional shares would be issued. 3. Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): 50,88,000 equity shares of Rs. 10/- each. 4. Free reserves and/ or share premium required for implementing the bonus issue: INR 5,08,80,000/-. The company has said in a regulatory filing that “The Bonus shares will be credited/ dispatched within 2 months from the date of Board approval i.e., by October 12, 2022.”
The last traded price of M Lakhamsi Industries Ltd was ₹6.72 on the BSE. For the quarter that ended June 2022, the company recorded a promoter shareholding of 75.29% and a public shareholding of 24.71%. The promoter shareholding is much higher when compared to its peers such as Muthoot Finance, HDFC AMC, Cholamandalam Investment & Finance Company Ltd, Bajaj Holdings, SBI Cards, Bajaj Finserv and Bajaj Finance.

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Dividend-paying paper stock to soon give 1:10 bonus shares. Details here

Dividend-paying paper stock to soon give 1:10 bonus shares. Details here

Ruchira Papers Ltd. is a paper industry small-cap firm with a market worth of Rs. 339.28 crores. The firm currently produces writing, printing, and Kraft goods on a 400 TPD paper farm that is professionally operated. The company offers a wide variety of papers that are ideal for printing, stationery, and packaging purposes. To the eligible shareholders whose names are listed as of the record date, set as October 10, 2022, the Board has approved bonus shares. The company has said in a regulatory filing that “In appreciation of continuing support from shareholders of the Company, as recommended by the Audit, the Board of Directors at its meeting held on 30th August 2022, subject to consent of the Members of the Company, approved and recommended issue of bonus equity share of Rs. 10/- (Rupees Ten only) each as fully paidup to eligible members of the Company in the proportion of 1:10 i.e. 1 (One) new fully paid-up equity share of Rs. 10/- (Rupees Ten only) each for every 10 (Ten) existing fully paid-up equity shares of Rs.10/- (Rupees Ten only) each held by them, by capitalizing a sum not exceeding Rs. 2,71,31,810/- (Rupees Two Crore Seventy One Lakh Thirty One Thousand Eight Hundred Ten only) out of Free reserves and securities premium account of the Company.”

The Board has also recommended a dividend payment of Rs. 2 per equity share with a face value of Rs. 10 for the fiscal year 2021–2022, subject to shareholder approval at the ensuing annual general meeting. In order to determine the eligibility of the shareholders for the purpose of bonus shares and dividend payments, the company has announced the record date too. The company has said in a regulatory filing that “The Board has fixed Monday, 10th Day of October 2022 as record date for the purpose of determining the members entitled to receive bonus shares. The Board has fixed Saturday, 10th day of September 2022 as rccord date for the purpose of determining the members entitled to receive final dividend for the financial year 2021-22. Provided, if the dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend will be made on or after 12th October 2022.”
The shares of Ruchira Papers opened today at ₹134.30 and are currently trading at a downside gap of 6.02% at ₹125.70 apiece. In the last 1 year, the stock has gained 46.25% and on a YTD basis, the stock has gained 59.11% so far in 2022. For the quarter ending September, the company recorded a promoter shareholding of 67.88%, FIIs holding of 0.18%, and a public shareholding of 31.94%.

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Four multibagger stocks to turn ex-bonus this week, gives 400-700% return in 2 years

Four multibagger stocks to turn ex-bonus this week, gives 400-700% return in 2 years

Ex-bonus date is an important day for investors to be eligible for bonus shares. To become eligible for bonus shares, an investor should buy the stocks of a company at least one day or two days before the ex-date. This is because of the T+1 and T+2 settlement cycles.

Generally, a listed company distributes bonus shares on their existing equity shares to current shareholders free of cost. A listed company issues bonus shares due to free reserves and surplus and adding fresh capital. The face value remains the same post bonus issue. Bharat Gears (BGL)BGL has announced bonus shares in the ratio of 1:2. Simply put, the company will give one bonus share on the existing two equity shares to eligible shareholders. A total of 51,18,35 equity shares having a face value of ₹10 each are proposed to be issued under the bonus shares. The bonus is out of the company’s free reserves is over ₹5.11 crore. As of March 31, 2022, the company has free reserves of more than ₹5.88 crore. Post bonus issue, the company’s share capital is expected to be more than ₹15.35 crore compared to the current share capital of over ₹10.23 crore (pre-bonus issue scenario). The company has fixed September 28 as the record date to determine eligible shareholders for the bonus issue. The company received shareholders’ approval for bonus shares on September 20 at the 50th annual general meeting. Thereby, BGL stock will turn ex-bonus on September 27. The company plans to pay the bonus shares within two months from the date of approval by the board of directors on August 24, 2022.
BGL is one of the world leaders in gears technology and India’s largest gear manufacturer. Its delivery expands to nations across Europe, USA, Mexico, and Asia. The company manufactures a wide range of Ring Gears and Pinions, Transmission Gears and Shafts, Differential Gears, and Gear Boxes majorly for the automotive industry. In the first quarter of FY23 (Q1FY23), the company posted a net profit of ₹4.30 crore against ₹6.39 crore in Q1FY22. Revenue from operations stood at ₹183.97 crore versus ₹164.68 crore in Q1 of FY22. On Friday, BGL shares closed at ₹228.20 apiece down by 3.2% on BSE. The company’s market cap is around ₹233.60 crore. Despite the downside last week, BGL is a multibagger stock gaining nearly 412% in 2 years. The shares were less than ₹45 apiece on September 23, 2020. Pondy Oxides & ChemicalsPondy Oxides will issue bonus shares in the ratio of 1:1. This means, the company will pay one bonus share on every existing one equity shares. The company has fixed September 29 as the record date to determine eligible shareholders for the benefit of bonus shares. Thereby, Pondy Oxides shares will turn ex-bonus on September 28. The bonus shares received approval in the 27th annual general meeting on September 21. In Q1FY23, the company garnered a net profit of ₹11.6 crore compared to ₹8.57 crore in Q1FY22. Revenue from operations stood at ₹364 crore versus ₹243.97 crore in Q1 of FY22. Pondy Oxides is the country’s leading lead, lead alloys, and plastic additives producer. The best grade lead and lead alloys, as well as PVC additives, are produced by POCL, a prominent secondary lead smelter in India. On Friday, Pondy Oxides shares closed at ₹1,178.75 apiece up by 0.80% on BSE. The company’s market valuation is around ₹685.14 crore. Pondy Oxides is a multibagger stock. The shares have climbed by a whopping nearly 183% in a year. The shares were around ₹416.95 on September 23 last year. While the shares have skyrocketed by more than 405% in 2 years compared to the price level of ₹233.4 apiece on September 23, 2020. Ram Ratna WiresRam Ratna Wires has fixed September 29 as the record date for identifying eligible shareholders in the record for bonus shares in the ratio of 1:1. The company will offer one bonus share having a face value of ₹5 each for every one existing equity share. Thereby, the stock will turn ex-bonus on September 28. The company will issue a total of 2.2 crore equity shares under the bonus offer aggregating to ₹11 crore. The shares will be issued out of the company’s securities premium and general reserves available as of March 31, 2022. As of March 31, 2022, the company’s free reserves and securities premium is at ₹208.41 crore. Ram Ratna plans to pay bonus shares on or before October 9, 2022. In 2 years, the shares have breathtakingly risen by nearly 561%. On September 23, 2020, the shares were merely ₹73 apiece on BSE. Meanwhile, in a year, Ram Ratna shares have climbed by massive nearly 239% on the same exchange. On BSE, Ram Ratna shares are currently at ₹460.35 apiece up by 1.77% on Friday. The company’s market cap is around ₹1,012.77 crore. Ram Ratna is a part of RR Global which is one of the leading conglomerates in the electrical & copper industry. The company is the 2nd largest manufacturer of super enamelled copper winding wires in India. Its products are manufactured at India’s first dust-free winding wire manufacturing facilities, Salasar Copper, situated at Silvassa. In Q1FY23, Ram Ratna Wires posted a net profit of ₹9.77 crore versus ₹6.59 crore in Q1FY22. Revenue from operations stood at ₹604.08 crore against ₹412.77 crore in Q1 of the previous fiscal. Excel Realty N InfraExcel Realty has fixed September 29 as the record date to determine eligible shareholders for bonus issues in the 1:2 ratio and stock split in the 10:1 ratio. Thereby, it will turn ex-bonus and ex-split on September 28. Under the 1:2 bonus issue, the company will offer one bonus share on the existing two equity shares to eligible shareholders. While under the 5:1 stock split, the firm will sub-dividend one existing equity share having a face value of ₹10 each — into 10 equity shares having a face value of Re 1 each. In Q1FY23, the company posted a standalone net profit of ₹1 crore against a loss of ₹1.21 crore in Q1FY22. Standalone revenue stood at ₹2.92 crore against zero revenue in Q1FY22. The company registered a revenue of ₹5.38 crore in Q4FY22. Excel Realty N Infra is solely into the business of development. The company delivers unmatched business value to customers through a combination of process excellence, quality frameworks, and service delivery innovation. In a year, Excel Realty’s shares have jumped nearly 184% on BSE. The shares were around ₹3.2 apiece on September 23 last year. While the shares have zoomed by a massive nearly 711%. The shares were merely ₹1.12 apiece on September 23, 2020. On BSE, the shares stood at ₹9.08 apiece up by 3.9% on Friday. The company’s market cap is ₹85.39 crore.

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