Stocks To Issue Bonus Shares In November 2021

1. Shree Ganesh Remedies:

The company previously informed that it has fixed the Record Date as 02/11/2021 for the purpose Issue of Bonus Equity Shares in the Ratio 1:5. The ex-bonus date shall be November 1, 2021 , implying investors’ should be having the company’s shares as on this date to be considered for the eligibility which is fixed on the record date.

Shree Ganesh Remedies Limited’s core activities chiefly consist of manufacturing & export of Pharmaceutical Drug Intermediates & Fine Chemicals and Research. From toll manufacturing to custom chemistry collaborations the company is amongst the leading CMO and CDMO based in India. The stock today closed at a price of Rs. 429.85. The one-year return of the stock has been a whopping 255%. The company’s standalone net sales for the September quarter have gone up by over 40 percent YoY.

2. Universal Auto Foundry:

The bonus issue proposed is in the ratio of 1:4. The purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Cornpany in proportion of 1:4 i.e. only one share shall be issued for every 4 equity share of nominal value of Rs. 10.

The company is engaged in the manufacturing of Iron Castings. We manufacture castings components in Grey Iron and S.G. (Ductile) Iron, primarily for automotive sector. Castings are supplied in Machined, Semi Machined and as cast condition with surface treatment as per customer’s need. Suspension Brackets, Differential housing, Hubs, Brake drum, Flywheels, Adjuster Nuts, Pulleys, Dampers, etc. are some of the items that find application in the commercial vehicle and engineering industry.

The company’s stock price closed at Rs. 78.75 per share on October 29, 2021.

So , as we have listed the above stocks for which the companies’ will be deciding on the shareholders eligibility in November month on the pre-decided dates. Here is also given when these bonus shares get credited to shareholders’ account.

How long does it takes for the bonus share issuance credit?

It is to be noted that usually the dividends as well as the bonus shares get credited to customers account within one month after the record date. First to be eligible for the respective bonus or dividend, you should be holding the shares as on ex-date or might have sold the same on the ex-date. Nonetheless, the role of RTA is crucial here and as and shares get credited to your account, you will receive an SMS.

Process of bonus share issuance credit

After the company has determined shareholders who are eligible for the bonus, there is taken the next step wherein there is decided allotment of ISINs or International Securities Identification Numbers to the bonus shares. After the same is done in respect of all the share, the company credits bonus issue shares to its eligible shareholders account within 15 days time. Now the process is even faster owing to dematerialized and electronic share transfer mode.

Disclaimer:

Notably, the stocks listed are just to given an idea on the likely companies’ that will be issuing bonus shares in the near future and is not a recommendation to buy in these shares listed.

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