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 |
Power Mech Projects Ltd | 1:1 | 13-09-2024 | 08-10-2024 | 08-10-2024 |
Shikhar Leasing & Trading Ltd | 3:1 | 25-09-2024 | 04-10-2024 | 04-10-2024 |
Classic Electricals Ltd | 5:1 | 25-09-2024 | 04-10-2024 | 04-10-2024 |
Introduction Of Upcoming Bonus Shares 2024
Power Mech Projects Ltd
Power Mech Projects Ltd is a leading infrastructure company that provides services for power generation plants, industrial projects, and civil construction works. The company is known for its maintenance, operation, and manpower services and operates in international markets, including India.
Shikhar Leasing & Trading Ltd
Shikhar Leasing & Trading Ltd is a financial service provider engaged in leasing and trading activities. The company primarily includes commercial financial solutions and investment services in its offerings, providing financial support to various business enterprises.
Classic Electricals Ltd
Classic Electricals Ltd is a leading manufacturer of electrical equipment, offering high-quality products for both domestic and industrial use. The company’s products include electrical appliances, wiring, and other electrical accessories, ensuring safety and reliability for customers.
Upcoming Bonus Shares For This Week 2024 – FAQs
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.
The record date is the specific date set by the company to determine which shareholders are eligible to receive the 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.
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.
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.