Auto Components News

2 Stocks To Consider Issue Of Bonus Shares Next Week


Saianand Commercial

The company’s board meet is scheduled on August 25 for bonus shares. In its filing with the exchanges on August 10, 2022, the company said, “Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby like to inform you that a meeting of the Board of Directors of the Company will be held at registered office of the company on Thursday, 25th day of August, 2022 interalia, to recommend and approve the issue of bonus shares to the equity shareholders of the company”.

Saianand Commercial is a small cap firm with a market capitalization of Rs. 20 crore. The company’s stock is a penny scrip listed only on the BSE and last trading at a price of 1.81 per share.

As per the company’s website, Saianand Commercial Limited is a Public incorporated on 22 December 1984. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 10,000,000 and its paid up capital is Rs. 113,600,000. It is inolved in Other wholesale [Includes specialized wholesale not covered in any one of the previous categories and wholesale in a variety of goods without any particular specialization.]

Saianand Commercial Limited’s Annual General Meeting (AGM) was last held on 30 September 2021 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2021.

Bharat Gears

Bharat Gears

Again a small cap scrip from the auto component and equipment space shall consider bonus share issuance next week. The company on August 19, 2022 informed to the exchange about the bonus share issue consideration. In the filing the company said, “Pursuant to the Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that 3/22-23 Meeting of the Board of Directors of the Company is scheduled to be held on August 24, 2022 inter-alia; to consider the issue of Bonus Shares to the members of the Company by way of capitalization of reserves.

Further to our letter dated August 16, 2022, in terms of the Code for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the ‘Trading Window’ for dealing in the shares of the Company for Promoters/Promoter Group/Directors/Key Managerial Personnel/Designated Persons/Connected Persons of the Company shall continue to be closed till the period ending 48 (forty eight) hours after the date of receipt of trading approval for the said Bonus Shares from the concerned Stock Exchanges”.

Bharat Gears Limited (BGL) is a gear manufacturing company. The Company is engaged in offering automotive gears and components. The company’s scrip last closed at Rs. 173.85 per share on the NSE.

When bonus shares get credited to eligible shareholders' demat account?

When bonus shares get credited to eligible shareholders’ demat account?

If you held the shares of the company as on the bonus record date, then for the same to get credited to your demat account it generally takes 15 days from the record date. Moreover as and when your bonus shares get credited to your Demat, you will receive an SMS from your depository.

Disclaimer

Disclaimer

The 2 stocks listed above are collated just for their likely bonus share consideration next week. Readers should not construe the story as an investment advice into the stocks.





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