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 i…

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 Akashdeep Metal Industries Ltd. (Scrip Code: 538778) will be subdivided into 5 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Akashdeep Metal Industries Ltd.AKASHDEEP1:523-Feb23-Feb

Refer: BSE circular

As per a recent circular, the name of Ozone World Ltd. (Scrip code: 539291) will be changed as follows w.e.f 17-Feb-23. Existing Symbol New…

As per a recent circular, the name of Ozone World Ltd. (Scrip code: 539291) will be changed as follows w.e.f 17-Feb-23.

Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
OZONEWORLDVASUDHAGAMOzone World Ltd.Vasudhagama Enterprises Ltd.

Refer: BSE Circular

As per a BSE circular, PVR Ltd has announced the allotment of equity shares to INOX Leisure Ltd. shareholders w.e.f 17-Feb-23. 3 equity shares with a…

As per a BSE circular, PVR Ltd has announced the allotment of equity shares to INOX Leisure Ltd. shareholders w.e.f 17-Feb-23. 3 equity shares with a face value of Rs.10/- each of PVR Ltd. to be issued as fully paid up equity shares for every 10 fully paid up equity shares with a face value of Rs 10/- each held by shareholders of INOX Leisure Ltd.

The following security will be suspended from trading w.e.f 17-Feb-23.

Name of CompanySymbolSeriesReason for Suspension
INOX Leisure LimitedINOXLEISUREQScheme of Amalgamation

Refer: BSE Circular | NSE 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 i…

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 Shreeji Translogistics Ltd. (Scrip Code: 540738) will be subdivided into 5 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Shreeji Translogistics Ltd.STL1:515-Feb15-Feb

Refer: BSE circular

Bonus Issue of Evans Electric Ltd.

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 sh…

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, Evans Electric Ltd. (Scrip Code: 542668) is issuing 1 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:

Company NameSymbolRecord dateEx-Bonus basis from Date 
Evans Electric Ltd.EVANS10-Feb10-Feb

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 i…

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 Latteys Industries Ltd. will be subdivided into 5 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Latteys Industries Ltd.LATTEYS1:510-Feb10-Feb

Refer: NSE 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 i…

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 Fourth Dimension Solutions Ltd. will be sub-divided into 5 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Servotech Power Systems Ltd.SERVOTECH1:503-Feb03-Feb

Refer: NSE circular

As per a recent circular, the name of TRC Financial Services Ltd. (Scrip code: 511730) will be changed as follows w.e.f 27-Jan-23. Existing Symb…

As per a recent circular, the name of TRC Financial Services Ltd. (Scrip code: 511730) will be changed as follows w.e.f 27-Jan-23.

Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
TRCFINAVASARATRC Financial Services Ltd.Avasara Finance Ltd.

Refer: BSE Circular

Rights Issue - January 2023

The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entit…

The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for January 2023:

CompanyEx-dateRecord DateRI PriceRE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Pacific Industries Ltd.11- Jan11- JanRs. 13919- Jan to 30- Jan2- FebASBABSE Circular
Aarti Surfactants Ltd.17- Jan 17- Jan Rs. 555(Rs. 222 on app)25- Jan to 27- Jan3- FebASBABSE Circular
Family Care Hospitals Ltd.3- Jan3- JanRs. 1223- Jan to 1- Feb7- FebASBABSE Circular
Heritage Foods Ltd.20- Jan20- JanRs. 530-Jan to 8- Feb13- FebASBABSE Circular
Indowind Energy Ltd.13- Jan 13- JanRs. 1227- Jan to 6- Feb10- FebASBABSE Circular
Markolines Pavement Technologies Ltd.17- Jan17- JanRs. 16727- Jan to 6- Feb9- FebASBABSE Circular
Gyscoal Alloys Ltd.23- Dec23- DecRs. 2.752- Jan to 9-Jan12- JanASBABSE Circular
Quint Digital Media Ltd.22- Dec22- DecRs. 509- Jan to 13-Jan24- JanASBABSE Circular
Jet Freight Logistics Ltd.11- Jan11- JanRs. 16.2520- Jan to 25-Jan31- JanASBABSE Circular
Vaxfab Enterprises Ltd.3- Jan3- JanRs. 1818- Jan to 25-Jan31- JanASBABSE Circular
Visagar Financial Services Ltd.30- Dec30- DecRe. 112- Jan to 25-Jan2- FebASBABSE Circular
Rajapalayam Mills Ltd.30- Dec30- DecRs. 56918- Jan to 2-Feb10- FebASBABSE 
Circular

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period : The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue :-  The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

  • For the online ASBA process, visit the website of a SCSB (Self-certified Syndicate Bank) and apply.
  • For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 
  • Here's a list of existing SCSBs.

    For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs

    T+1 Settlement: January Update

    As you all know, from Feb-22, NSE & BSE introduced the T+1 settlement cycle in the Cash Segment in a phased manner as per the SEBI guidelines.&nb…

    As you all know, from Feb-22, NSE & BSE introduced the T+1 settlement cycle in the Cash Segment in a phased manner as per the SEBI guidelines. 

    W.e.f 27-Jan-23:

  • 192 more securities of NSE will be added into T+1 settlement
  • 192 more securities of BSE will be added into T+1 settlement
  • Important points for stocks under T+1 settlement in Cash segment:

  • The stocks traded will be settled on T+1 day. 
  • The MTF (Margin Trading Facility) Pledge Request must be authorized by 9:00 PM on T day for MTF funding.
  • Auction settlement (if any) will happen on T+2 day.
  • Refer: NSE Circular | BSE Circular | Overview of T+1 settlement