[Oct-24] Stay ahead of the curve with our monthly Corporate Actions roundup!
Corporate actions have an impact on your portfolio and thus, staying informed is a key. To help you stay up-to-date, we’ve compiled a list of all the corporate actions happening this month. Whether you are tracking a subdivision that could adjust your shareholdings, a buyback that will boost your stock, or your share of profits in the form of dividends, we’ve got you covered.
Various types of corporate actions we have covered here are sub-divisions, dividends, bonus issues, buybacks, takeovers, delistings, and name changes. So, dive in, explore the details, and stay ahead in your investment journey.
Bonus Issue
A bonus Issue is a corporate action in which a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
| Company Name | Symbol/Scrip Code | Record Date | Ex-Bonus basis from Date | Bonus Issue | Circular |
| NBCC (India) Limited | NBCC | 07-Oct-24 | 07-Oct-24 | 1:2 | BSE Circular |
| Shikhar Leasing and Trading Ltd. | 507952 | 04-Oct-24 | 04-Oct-24 | 3:1 | BSE Circular |
| Classic Electricals Ltd. | 512213 | 04-Oct-24 | 04-Oct-24 | 5:1 | BSE Circular |
| Grovy India Ltd | 539522 | 23-Oct-24 | 23-Oct-24 | 3:1 | BSE Circular |
| Reliance Industries Ltd | 500325 | 28-Oct-24 | 28-Oct-24 | 1:1 | BSE Circular |
| Power Mech Projects Limited | 539302 | 08-Oct-24 | 08-Oct-24 | 1:1 | BSE Circular |
Subdivision/Stock Split
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
| Company Name | Symbol/Scrip Code | Sub-division Ratio | Record Date | Ex-split Date | Circular |
| Real Eco-energy Ltd. | 530053 | 1:5 | 04-Oct-24 | 04-Oct-24 | BSE Circular |
| Integrated Industries Ltd. | 531889 | 1:10 | 01-Oct-24 | 01-Oct-24 | BSE Circular |
| Godawari Power & Ispat Ltd. | GPIL | 1:5 | 04-Oct-24 | 04-Oct-24 | BSE Circular |
| POCL Enterprises Ltd | 539195 | 1:5 | 25-Oct-24 | 25-Oct-24 | BSE Circular |
| Humming Bird Education Ltd | 542592 | 1:10 | 18-Oct-24 | 18-Oct-24 | BSE Circular |
| Sacheta Metals Ltd. | 531869 | 1:5 | 19-Oct-24 | 18-Oct-24 | BSE Circular |
| Dr. Reddy’s Laboratories Ltd | DRREDDY | 5:1 | 28-Oct-24 | 28-Oct-24 | BSE Circular | NSE Circular |
| Master Trust Ltd. | 511768 | 5:1 | 30-Oct-24 | 30-Oct-24 | BSE Circular |
| Sukhjit Starch & Chemicals Ltd. | SUKHJITS | 2:1 | 25-Oct-24 | 25-Oct-24 | BSE Circular |
Name Change
| Existing Symbol | New Symbol | Record Date | Existing Name of the Company | New Name of the Company | Circular |
| LAXMIMACH | LAXMIMACH | 10-Oct-24 | Lakshmi Machine Works Limited | LMW Limited | BSE Circular |
| 543225 | 543225 | 18-Oct-24 | Data Infrastructure Trust | Altius Telecom Infrastructure Trust | BSE Circular |
Demerger
It is a form of corporate restructuring wherein an entity is segregated into small entities to function individually.
| Name of Company | Symbol | Scrip Code | Record Date | Consideration | Circular |
| Hercules Hoists Ltd. | HERCULES | 505720 | 11-Oct-24 | 1 Equity Share of Re.1/- of INDEF Manufacturing Limited for every 1 Equity Share of Re.1/- of Hercules Hoists Limited | BSE Circular |
| Softsol India Limited | - | 532344 | 11-Oct-24 | 1 Equity Share of ₹10/- of Covance Softsol Limited for every 1 Equity Share of ₹10/- of Softsol India Limited | BSE Circular |
Amalgamation
A form of corporate restructuring wherein two or more companies merge or unite and work together as one entity.
| Name of Company | Symbol/Scrip Code | Record Date | Consideration | Circular |
| IDFC Limited | IDFC | 10-Oct-24 | 155 Equity Shares of ₹10/- of IDFC First Bank Limited for every 100 Equity Shares of ₹10/- of IDFC Limited | BSE Circular |
| TV18 Broadcast Ltd | TV18BRDCST | 16-Oct-24 | 100 Equity Shares of ₹5/- of Network 18 Media Investments Limited for every 172 Equity Shares of ₹2/- of TV18 Broadcast Ltd. | BSE Circular |
Suspension of Trading in Shares
| Name of the Company | Symbol | Effective Date | Reason for Suspension | Circular |
| Jubilant Industries Limited | JUBLINDS | 16-Oct-24 | Scheme of Amalgamation | NSE Circular |
| TV18 Broadcast Limited | TV18BRDCST | 16-Oct-24 | Scheme of Amalgamation | NSE Circular |
| Sumeet Industries Ltd | SUMEETINDS | 18-Oct-24 | Reduction of Equity Share Capital | BSE Circular |
| IDFC Limited | IDFC | 10-Oct-24 | Scheme of Amalgamation | NSE Circular |
| Gold Line International Finvest Ltd | 538180 | 01-Oct-24 | Non-compliance of SEBI Regulations | BSE Circular |
Delisting of Companies
| Name of the Company | Symbol | Effective Date | Reason | Circular |
| Celestial Biolabs Limited | CELESTIAL | 17-Oct-24 | Compulsory Delisting | NSE Circular | BSE Circular |
| JIK Industries Limited | JIKIND | 17-Oct-24 | Compulsory Delisting | NSE Circular | BSE Circular |
| Arambhan Hospitality Services Ltd | 539403 | 16-Oct-24 | Compulsory Delisting | BSE Circular |
| Coventry Coil-O-Matic Haryana Ltd | 523415 | 16-Oct-24 | Compulsory Delisting | BSE Circular |
| India Infraspace Ltd. | 531343 | 16-Oct-24 | Compulsory Delisting | BSE Circular |
| Pawansut Holdings Ltd | 535658 | 16-Oct-24 | Compulsory Delisting | BSE Circular |
| TCNS Clothing Co. Limited | 541700 | 15-Oct-24 | Scheme of Amalgamation | BSE Circular |
| Tata Motors Ltd. (DVR Scrip) | 570001 | 15-Oct-24 | Scheme of Amalgamation | BSE Circular |
| ISMT Limited | 532479 | 15-Oct-24 | Scheme of Amalgamation | BSE Circular |
| Ujjivan Financial Services Limited | 539874 | 15-Oct-24 | Scheme of Amalgamation | BSE Circular |
Takeover
A Takeover is a type of corporate action in which one company (the acquirer) acquires or takes control of another (the target). Such a takeover occurs through the merger and acquisition process and can affect the company's structure in various ways.
| Name of Company | Symbol | Offer Price Per Share | Circular |
|---|---|---|---|
| Navkar Corporation Limited | NAVKARMOCK | ₹105.32 | NSE Circular |
| Shalimar Agencies Ltd | SAGL | ₹15 | BSE Circular |
| NB Footwear Ltd | NBFOOT | ₹7 | BSE Circular |
