As many as five actions will be focused on next week, according to corporate announcements made by the respective companies. These stocks are Ruchira Papers, Colorchips New Media, Kaarya Facilities and Services, Nikhil Adhesives and Shivalik Bimetal Controls. These counters will start trading ex-bonus and ex-rights from Monday 10 October. There are no dividend-related announcements next week.
Ruchira Papers Bonus Promotion 2022
The Board of Directors of Ruchira Papers has declared free shares in the ratio of 1:10, which means that an eligible shareholder will be entitled to one share for every 10 shares held in his demat account on the date of record . The company catering to the paper and paper products segment had recently changed the record date for determining the eligibility of bonus shares.
“The Company has revised the ‘Record Date’ i.e. Tuesday, October 11, 2022 (instead of Monday, October 10, 2022) to determine eligible shareholders entitled to receive bonus shares in a ratio of 1:10,” he said in a regulatory filing on Oct. 3, 2022.
Shares of Ruchira Papers ended 1.39% higher at Rs 139 per share on the BSE on Friday.
Colorchips New Media Stock Split 2022
The Board of Directors of the Company, in its meeting held on September 24, 2022, had fixed the record date as Wednesday, October 12, 2022 to determine the eligibility of the shareholders in respect of the fractionation/subdivision of the equity shares of the Company from the face value of Rs.10/- each to the face value of Rs.2/- each. The media company had announced a split in the ratio of 5:1 from the previous date, which means the company will split its existing shares of Rs 10 par value into 5 paid-up capital of Rs 2 each each one. Stock split/subdivision resolution has been approved by shareholders,” the company had mentioned in a regulatory filing. Colorchips New Media stock price ended a circuit 5% lower at Rs 90.25 per share on the BSE on Friday.The shares will start trading from Monday.
Bonus Kaarya facilities and services
Share price of Kaarya Facilities and Services closed up 4.45% at Rs 30.50 per share on the BSE ahead of the record date of 12 October. The board of the financial services company had approved a 1:1 bonus for its shareholders.
“The Company has fixed Wednesday, October 12, 2022 as the record date for determining the eligibility of shareholders for the issue of free shares in the ratio of 1:1, i.e. 1 (one) bonus equity share of INR 10.00 each fully paid up. – for every 1 (One) existing equity share of INR 10.00 each fully paid up (ie in the ratio of 1:1)” , Kaarya Facilities and Services said in a regulatory filing.
The company also informed the exchanges on Friday that a meeting of the Board of Directors of the Company will be held on Saturday, October 15, 2022 to study and approve the allocation of shares (in terms of free issue) to the shareholders on day date of registration.
Nikhil Adhesives Stock Division 2022
The board of directors of this specialty chemicals company had announced to split the shares in the ratio of 10:1, which means that one share of face value of Rs.10 will be divided into 10 paid-up capital of face value of Re 1 per capital share. Shares of the small-cap fell five percent to lower the circuit and ended at Rs 1,843.60 per share on the BSE.
Shivalik Bimetal Controls Bonus 2022
The company spanning the iron and steel products segment had announced a bonus in the ratio of 2:1, which is an equity share bonus of Rs. 2/- each for every two fully paid up capital shares, as on the date of registration. Shivalik Bimetal Controls Bonus Registration Date 2022 had been fixed as Thursday 13 October 2022.