Bonus Issue of Akshar Spintex 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, Akshar Spintex Ltd. (Scrip Code: 541303) is issuing 1 bonus share for every 5 existing shares. The key dates for the bonus Issue are as follows:

Company NameSymbolRecord dateEx-Bonus basis from Date 
Akshar Spintex Ltd.AKSHAR15-Feb15-Feb

Refer: BSE Circular

Settlement Holiday on 19-Feb-2024

19-Feb-24 is a Settlement Holiday due to Chhratrapati Shivaji Maharaj Jayanti. The Currency Segment will be closed on this day for trading. However, …

19-Feb-24 is a Settlement Holiday due to Chhratrapati Shivaji Maharaj Jayanti. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading.

What this means for you:

You can place your Trades as usual except the stock purchased on 16-Feb-24 will not be allowed to be sold on 19-Feb-24. The settlement of funds/securities will be processed as detailed in the table below:

SegmentTrade placed onDate of Settlement
Equity16-Feb20-Feb
Derivatives (F&O)16-Feb20-Feb

Note: Stock purchased on 16-Feb-24 will not be allowed to be sold on 19-Feb-24. This change is only for double payin/payout of stock due to the settlement holiday on 19-Feb, and is not a regular change.

Your credit balance for 19-Feb will not include the following:

SegmentAccount Balance Exclusions
EquityIntraday Profits made on 16-Feb
Derivatives (Equity F&O, Currency & Commodity)Credits Made From Trades Done On 16-Feb

Just so you know: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.

Bonus Issue of KP Energy 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, KP Energy Ltd. (Scrip Code: 539686) is issuing 2 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:

Company NameSymbolRecord dateEx-Bonus basis from Date 
KP Energy Ltd.KPEL12-Feb12-Feb

Refer: BSE Circular

Per a recent circular, the name and symbol of Sagar Productions Ltd. (Scrip code: 532092) will be changed as follows w.e.f 14-Feb-24. Existing S…

Per a recent circular, the name and symbol of Sagar Productions Ltd. (Scrip code: 532092) will be changed as follows w.e.f 14-Feb-24.

Existing Symbol New Symbol Existing Name of the CompanyNew Name of the  Company
SAGARPRODEPUJASagar Productions Ltd. Epuja Spiritech Ltd.

Refer: BSE Circular 

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, Intellivate Capital Ventures Ltd. (Scrip Code: 506134) is issuing 2 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:

Company NameSymbolRecord dateEx-Bonus basis from Date 
Intellivate Capital Ventures Ltd.INTELLCAP12-Feb12-Feb

Refer: BSE Circular

Rights Issue - February 2024

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 February 2024:

CompanyEx-dateRecord DateRI Price (Rs. per share)RE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Indian Infotech & Software Limited29-Jan29-JanRs. 1.6006- Feb to 08-Feb13- FebASBABSE
Adroit Infotech Limited19- Jan19- JanRs. 15 (Rs. 3.75 on App - PP Shares)07- Feb to 12-Feb16-FebASBABSE
Shree Ajit Pulp & Paper Limited18- Jan
18- Jan
Rs. 80 (Rs. 48 on App - PP Shares)30- Jan to 16-Feb20- FebASBABSE
Magnum Ventures Limited25-Jan25-JanRs. 5407- Jan to NA21- FebASBABSE
Yarn Syndicate Limited24-Jan24-JanRs. 27 (Rs. 13.50 on App - PP Shares)06- Feb to 16-Feb21- FebASBABSE
Nagreeka Exports Limited30-Jan30-JanRs. 2012- Feb to 19-Feb23- FebASBABSE
Mangalam Industrial Finance Limited29-Jan29-JanRs. 3.7512- Feb to 20-Feb26- FebASBABSE

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 an 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.

    Here's the list of the latest Buybacks, Takeovers and Delisting. The Offer Period and Price are mentioned along with them. To participate in any of t…

    Here's the list of the latest Buybacks, Takeovers and Delisting. The Offer Period and Price are mentioned along with them. To participate in any of these:

  • Write to us at support@angelbroking.com or
  • Call us on 18001020
  • Scrip NameSub TypeStart DateEnd DateFloor Price
    ANSHNCOTakeover02-02-2415-02-24Rs. 17
    DHRUVCATakeover05-02-2416-02-24Rs. 56.50
    DAIKAFFITakeover09-02-2423-02-24Rs. 38.72
    SHALPAINTSTakeover12-02-2426-02-24Rs. 200
    GLSTakeover15-02-2429-02-24Rs. 631.20
    Per a recent circular, the name and symbol of Essar Securities Ltd. (Scrip code: 533149) will be changed as follows w.e.f 09-Feb-24. Existing Sy…

    Per a recent circular, the name and symbol of Essar Securities Ltd. (Scrip code: 533149) will be changed as follows w.e.f 09-Feb-24.

    Existing Symbol New Symbol Existing Name of the CompanyNew Name of the  Company
    ESSARSECYunikMEssar Securities Ltd. Yunik Managing Advisors Ltd.

    Refer: BSE Circular 

    In an endeavor to reduce the burden of submission of documents by the AP at the time of audit, we have tied up with CAMS to auto-fetch bank statement…

    In an endeavor to reduce the burden of submission of documents by the AP at the time of audit, we have tied up with CAMS to auto-fetch bank statements & demat account statements, for which we require the AP to give their consent. 

    The AP consent will greatly reduce backlog and also minimize manual submitting of statements as required during audit, by law. 

    Here are quick and easy steps to follow using the NXT account.

    1. Log into NXT as an Admin user

    2. Go to Profile > Upload Statement

    3. Click on Proceed

    4. You will be redirected to CAMS website and an OTP will be sent to your Mobile number

    5. Select the bank for which you want to share consent

    6. Once done, you will be redirected to the NXT dashboard

    7. The consent will be captured and will be valid for 1 year

    8. Follow the same process for the Demat statement and check your status whether it is ‘Success’ or ‘Rejected’.

    For a more detailed account of the process, click here

    A dividend is an amount the company pays to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a c…

    A dividend is an amount the company pays 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, Hindustan Petroleum Corporation Ltd. has announced a dividend payment of Rs 15. The key dates for the same are as follows:

    Company NameSymbolDividend AmountRecord date
    Hindustan Petroleum Corporation Ltd. HINDPETRORs 1507-Feb-24

    1. The above changes shall be effective from the ex-date / effective date 

    2. The revised options strike/futures base prices and the lot size on account of adjustment would appear in decimal places and shall be rounded off to the nearest tick size and the lot size shall be rounded off to the nearest integer.

    3. The details of the revised option strike prices, futures prices, lot size and quantity freeze limit wherever applicable, will be informed to members separately via circular one day prior to the ex-date / effective date.

    Refer: NSE Circular 1 | NSE Circular 2