Bonus shares are additional shares that are issued to existing shareholders of a company without any additional cost. They are a way for companies to distribute their accumulated earnings to shareholders without actually paying out cash.
For example, let’s say XYZ company has 100 million shares outstanding, and it declares a 1:1 bonus share issue. This means that for every 1 share that a shareholder owns, they will receive 1 additional share for free. So, if a shareholder owns 100 shares, they will receive 100 additional shares for a total of 200 shares.
Bonus shares can be important for both companies and shareholders. For companies, bonus shares can help to improve shareholder confidence, increase the liquidity of their shares, and reduce their cost of capital. For shareholders, bonus shares can be a way to increase their ownership in the company and benefit from its future growth.
In this article, check the upcoming bonus shares in September 2023.
| Company | Bonus Ratio | Announcement | Record | Ex-Bonus |
| GNA Axles Ltd | 1:1 | 7/26/2023 | 9/2/2023 | 9/1/2023 |
| Vivanta Industries Ltd | 1:4 | 8/3/2023 | 9/5/2023 | 9/5/2023 |
| JTL Industries Ltd | 1:1 | 8/23/2023 | 9/7/2023 | 9/7/2023 |
| Sunrise Efficient Marketing Ltd | 1:1 | 8/23/2023 | 9/9/2023 | 9/8/2023 |
| Power Grid Corporation of India Ltd | 1:3 | 8/11/2023 | 9/12/2023 | 9/12/2023 |
| Lancer Containers Lines Ltd | 2:1 | 8/16/2023 | 9/23/2023 | 9/22/2023 |
GNA Axles Ltd
Incorporated in 1993, GNA Axles is a small-cap company that manufactures auto components like shafts, rear axles, and spindles for the four-wheeler industry. The company has declared bonus shares at a fixed ratio of 1:1. The record date is September 2nd, 2023.
Key financials of the company:
Vivanta Industries was incorporated in 2013. It is engaged in the trading of electronic items, and various steel products and deals in shares and security. The company has declared bonus shares at a fixed ratio of 1:4. The record date is September 5th, 2023.
Key financials of the company:
Incorporated in 1991, JTL Industries manufactures and supplies pipes, steel tubes, and allied products. The company has manufacturing facilities in India. JTL Industries has declared bonus shares at a fixed ratio of 1:1. The record date is September 7th, 2023.
Key financials of the company:
Sunrise Efficient Marketing was incorporated on July 9th, 2020. The company works as a distributor, trader, wholesaler, importer, exporter, fitter, installer, etc., of industrial machinery, its spare parts, electrical and electronic items and more. Sunrise Efficient Marketing has declared bonus shares at a fixed ratio of 1:1. The record date is September 9th, 2023.
Key financials of the company:
Incorporated on October 23, 1989, Power Grid Corporation is involved in transmitting power through its EHV AC/HVDC transmission network. The company has declared bonus shares at a fixed ratio of 1:3. The record date is September 12th, 2023.
Key financials of the company:
Lancer Container Lines was incorporated in 2011. The company is in the shipping and logistics services business in India and other countries. Lancer Container Lines has declared bonus shares at a fixed ratio of 2:1. The record date is September 23rd, 2023.
Key financials of the company:
Here are the companies that declared bonus shares for September 2023 in India. If you want to know more about the upcoming bonus shares in 2023 in India and want to invest or trade in the stock market, open a Demat account for free with Angel One today and start your investment journey.
Disclaimer: This article has been written for educational purposes only. The securities quoted are only examples and not recommendations.
Published on: Aug 31, 2023, 7:36 AM IST
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