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Upcoming Bonus Shares For This Week – Bonus Shares September 2024

Upcoming Bonus Share for This Week: Bonus shares are additional shares given to shareholders at no cost, derived from company profits or reserves. This week, multiple companies are set to issue bonus shares, offering shareholders increased equity without requiring any additional investment.
Upcoming Bonus Shares For This Week - Bonus Shares 2024

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

COMPANYBonus RatioAnnouncement DateRecord DateEx-Bonus Date
Mindteck (India) Ltd1:411-09-202420-09-202420-09-2024
Phoenix Mills Ltd1:112-09-202421-09-202420-09-2024
Rites Ltd1:103-09-202420-09-202420-09-2024
Ujaas Energy Ltd1:410-09-202420-09-202420-09-2024
Saksoft Ltd1:402-09-202419-09-202419-09-2024

Introduction Of Upcoming Bonus Shares 2024

Mindteck (India) Ltd

Mindteck (India) Ltd is a leading IT company that provides engineering and IT solutions to global clients. The company specializes in software development, product engineering, and data services, playing a significant role in various industries such as healthcare, financial services, and technology.

Phoenix Mills Ltd

Phoenix Mills Ltd is a leading real estate development company in India, primarily engaged in the retail, commercial, and residential sectors. It operates prominent shopping malls and commercial complexes and is known for its high-quality real estate projects.

Rites Ltd

Rites Ltd is a multinational engineering and consultancy company specializing in rail, transport, and infrastructure development projects. The company focuses on providing high-quality consulting and project management services to global clients, particularly in the transportation and rail sectors.

Ujaas Energy Ltd

Ujaas Energy Ltd is a leading renewable energy company that specializes in solar energy solutions. The company is involved in setting up solar power plants, developing solar parks, and promoting green energy to enhance environmental sustainability.

Saksoft Ltd

Saksoft Ltd is a leading IT services company specializing in data analytics, digital transformation, and cloud services. The company helps businesses accelerate growth by assisting them in digital transformation and facilitating data-driven decision-making.

Upcoming Bonus Shares For This Week 2024 – FAQs

1. 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.

2. 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.

3. 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.

4. 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. 

5. 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.

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