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 |
Sprayking Ltd | 1:1 | 05-08-2024 | 14-08-2024 | 14-08-2024 |
Walpar Nutritions Ltd | 1:1 | 09-08-2024 | 14-08-2024 | 14-08-2024 |
Milkfood Ltd | 1:1 | 01-08-2024 | 13-08-2024 | 13-08-2024 |
EIH Associated Hotels Ltd | 1:1 | 25-07-2024 | 13-08-2024 | 13-08-2024 |
GRP Ltd | 3:1 | 25-07-2024 | 12-08-2024 | 12-08-2024 |
Introduction Of Upcoming Bonus Shares 2024
Sprayking Ltd
Sprayking Agro Equipment Limited manufactures brass parts including fittings, forgings, transformer components, and customized items. Its products range from turning components and compression fittings to agricultural sprayer parts. The company operates in India, the US, Europe, and other regions.
Walpar Nutritions Ltd
Walpar Nutritions Ltd specializes in nutraceuticals, pharmaceuticals, and healthcare products. It manufactures tablets, capsules, powders, and oral liquids. The company offers private label products and has a platform for trading raw materials. It operates facilities in Gujarat, India.
Milkfood Ltd
Milkfood Limited is an India-based dairy company manufacturing and selling casein, whey powders, and other dairy products. It supplies ingredients for chocolates, ice cream, and nutritional products, with manufacturing units in Patiala and Moradabad. Subsidiary: MFL Trading Private Limited.
EIH Associated Hotels Ltd
EIH Associated Hotels Limited manages luxury hotels under the Oberoi and Trident brands, including properties in Shimla, Jaipur, and New Delhi. Its portfolio features five-star facilities offering various amenities and dining options, including The Oberoi Cecil and Trident Agra.
GRP Ltd
GRP Limited is an Indian firm producing reclaimed rubber from used tires and upcycled polyamide from nylon waste. It also manufactures engineering plastics, polymer composites, and custom die forms, with operations in reclaim rubber and other verticals, serving domestic and international markets.
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.