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 |
Spright Agro Ltd | 1:1 | 18-11-2024 | 29-11-2024 | 29-11-2024 |
Raghav Productivity Enhancers Ltd | 1:1 | 12-11-2024 | 29-11-2024 | 29-11-2024 |
Shakti Pumps (India) Ltd | 5:1 | 12-11-2024 | 25-11-2024 | 25-11-2024 |
Introduction Of Upcoming Bonus Shares 2024
Spright Agro Limited
Spright Agro Ltd is an emerging agriculture-focused company specializing in agricultural products and solutions.
It assists farmers in enhancing their yields by providing high-quality seeds, fertilizers, and other agricultural inputs. Known for its eco-friendly and sustainable practices, the company has become a prominent name in the agricultural sector.
Raghav Productivity Enhancers Limited
Raghav Productivity Enhancers Ltd is a leading company that delivers high-quality products and services to boost productivity across various industries.
It specializes in the production of silica ramming mass, a crucial material in the steel industry. With cutting-edge technology and a commitment to quality standards, the company has earned a trusted reputation in both domestic and international markets.
Shakti Pumps (India) Limited
Shakti Pumps (India) Ltd is a leading pump manufacturer specializing in high-quality stainless steel pumps and energy-efficient solutions.
Established in 1982, the company offers a wide range of pumps and solar energy solutions for agricultural, domestic, and industrial use. Renowned for its reliable products and global presence, Shakti Pumps has established a strong commitment to innovation and sustainable development.
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.