Announcements

As per a recent circular, the following security will be suspended from trading w.e.f. August 18, 2023. Please take appropriate action as needed.

Refer: NSE Circular

A dividend is an amount paid by the company to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly. 

As per a recent circular, LIC Housing Finance Ltd. has announced a payment of dividend at Rs 8.50 for the Financial year 2023-24. The key dates for the same are as follows:

Refer: NSE Circular

A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

As per the recent BSE circular, Lancor Holdings Ltd. (Scrip Code: 509048) is issuing 1 bonus share for every 2 existing shares. The key dates for the Bonus Issue are as follows:

Refer: BSE circular

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.

As per a recent circular, 1 equity share of ShreeOswal Seeds & Chemicals Ltd. will be sub-divided into 5 equity shares. The key dates for the same are as follows:

Refer: BSE Circular

Trading in securities of the undermentioned companies will be suspended w.e.f Aug 18, 2023 on account of non-compliance with SEBI regulations. Please take appropriate action as needed.

Refer: BSE Circular 1 | BSE Circular 2

This is to inform you that w.e.f 21-Aug-2023, we have introduced a change in calculating the Average Price for Commodity contracts. 

The Average Price of the position does not include any charges or brokerage on the trading day (T day). After the end of the day billing, the updated Average Price is updated on the Contract note, and the same is updated in the Position book on the next day (T+1 day). 

Earlier, the Average Price in the Position book on T+1 day did not include brokerage and did not match the Contract Note Average Price. With this new change, the Average Price on T+1 day will include the brokerage. 

Let’s understand this with an example.

A user bought 10 units of OPTFUT SILVERM 2023-08-22 75000.00 CE

Buy Amount: Rs. 11100

Brokerage: Rs. 500

Other charges: Rs. 96.8954

Old Average Price: (11100+96.8954)/10 = 1119.68954

New Average Price: (11100+96.8954+500)/10 = 1169.68954

Difference between the 2 Average Prices = Rs 50

As per a recent circular, the name and symbol of Asian Food Products Ltd. (Scrip code: 507530) will be changed as follows w.e.f 16-Aug-23.

Refer: BSE Circular

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.

As per a recent circular, 1 equity share of Avantel Ltd. (Scrip Code: 532406) will be sub-divided into 5 equity shares. The key dates for the same are as follows:

Refer: BSE Circular

As per a recent Circular (SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131) dated 31-Jul-23, SEBI has launched the ODR Portal i.e. Smart ODR Portal (Securities Market Approach for Resolution Through ODR Portal). 

SEBI has set up this platform to improve investors’ grievance redressal by providing them access to Online Dispute Resolution Institutions for the resolution of their complaints. To raise a complaint through the ODR portal, you need to follow the below steps:

However, you can initiate dispute resolution through the ODR Portal without having to go through SCORES Portal if the grievance lodged with the concerned Market Participant was not resolved satisfactorily.

For more information on how to resolve your complaints through the ODR Portal, refer to SEBI Circular.

To access the ODR Portal, click here.

Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer based molded products mainly used by chemical, agrochemical, speciality chemical and pharmaceutical companies for their packaging requirements.  They are one of the leading manufacturers of rigid Intermediate Bulk Containers in India manufacturing 1,000 litre capacity IBC.

The below table has important dates with respect to the IPO allotment and listing.

In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.