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Upcoming Bonus Shares For This Week – Bonus Shares October 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.

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Upcoming Bonus Shares For This Week

COMPANYBonus RatioAnnouncement DateRecord DateEx-Bonus Date
Power Mech Projects Ltd1:113-09-202408-10-202408-10-2024
Shikhar Leasing & Trading Ltd3:125-09-202404-10-202404-10-2024
Classic Electricals Ltd5:125-09-202404-10-202404-10-2024

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

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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