Two corporations could have their bonus shares’ document date this week. Shares of Harmony Management Techniques Ltd. and Welcure Medication & Prescription drugs Ltd. will commerce at document date on the finish of the week and they’ll disburse bonus shares to their respective stakeholders.
Buyers who need to be eligible for a bonus concern ought to take note of the document date, which is used to find out eligible shareholders.
The corporate declares this date prematurely, and solely those that maintain the shares of their demat account as of this document date will likely be eligible for the bonus allotment. Underneath India’s T+1 settlement cycle, buyers should purchase the shares no less than one buying and selling day earlier than the document date to be eligible.
Because of this purchases made on the document date itself is not going to replicate within the demat account in time. The board of Harmony Management Techniques Ltd. had really useful a problem of bonus shares within the ratio of three:5 new absolutely paid-up fairness shares. Because of this shareholders will obtain 5 new absolutely paid-up fairness shares for each three shares they maintain, topic to shareholder approval. The document date for a similar is ready as Oct. 16.