2 weeks Ago
Shares of Garware Technical Fibres may grab attention in Thursday’s trading session as the stock is approaching its record date tomorrow for the purpose of determining the shareholder eligibility for its 4:1 bonus share issuance . This makes today the last day to buy the shares of the company to be able to qualify for the said bonus issue. “Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, January 03, 2025, as the Record Date for the purpose of determining the entitlement of the equity shareholders of the Company for issue and allotment of 4 (Four) new fully paid-up bonus equity shares of Rs.
10/- each for every 1 (One) existing fully paid-up equity shares of Rs. 10/- each held by the members of the Company,” the company said in an exchange filing. This is the first-ever instance when the company is issuing bonus shares to its eligible shareholders, according to the Trendlyne data.
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Those buying the stock on the ex-date are not eligible for dividends/splits/bonus issues etc. The shares of Garware Technical Fibres have increased by 41% in the last one year and in CY 24. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
