What Are Bonus Shares?
Bonus shares are additional shares given to the current shareholders of a company at no cost, based on the number of shares they already own. These shares are allocated from a company’s profits or reserves, without any monetary cost to the shareholders.
Upcoming Bonus Shares For This Week
Company | Bonus Ratio | Announcement Date | Record Date | Ex-Bonus Date |
Bharat Seats Ltd | 1:1 | 06-12-2024 | 20-12-2024 | 20-12-2024 |
Rajeshwari Cans Ltd | 1:1 | 06-12-2024 | 19-12-2024 | 19-12-2024 |
Sky Gold Ltd | 9:1 | 04-12-2024 | 16-12-2024 | 16-12-2024 |
Introduction Of Upcoming Bonus Shares 2024
Bharat Seats Ltd
Bharat Seats Ltd is a leading automotive company specialising in manufacturing seating systems and interior components for major vehicle manufacturers. Renowned for its innovative technology and sustainable products, the company delivers high-quality automotive solutions.
Rajeshwari Cans Ltd
Rajeshwari Cans Ltd is a prominent player in the packaging industry, specializing in the production of metal cans and packaging materials. With a focus on quality and innovation, the company is committed to meeting the diverse needs of its customers.
Sky Gold Ltd
Sky Gold Ltd is a leading name in the jewellery industry, specialising in the design and manufacture of gold jewellery. Known for its high-quality products and unique designs, the company is celebrated for its reliability and excellence in the market.
Upcoming Bonus Shares For This Week 2024 – FAQs
How Do Bonus Shares Work?
Bonus shares work by a company issuing additional shares to its existing shareholders at no cost. These shares are given out in proportion to the number of shares already owned. Bonus shares are typically issued from the company’s retained earnings or accumulated reserves and are aimed at rewarding shareholders without requiring them to pay anything.
What Is A Record Date?
The record date is the specific date set by the company to determine which shareholders are eligible to receive the bonus shares.
Why Do Companies Offer Bonus Shares?
Companies offer bonus shares to reward their existing shareholders without distributing cash dividends. By issuing bonus shares, companies can capitalize on their accumulated earnings or reserves to increase the number of outstanding shares.
Is Dividend Paid On Bonus Shares?
No, dividends are not paid on bonus shares. Since bonus shares are issued at free cost to the existing shareholders, they do not represent additional earnings or profits that would warrant a dividend payment.
Are Bonus Shares Taxable?
Bonus shares are not taxable at the time of issue for shareholders. However, if shareholders sell these shares, they may be subject to capital gains tax.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.