Enser Communications Share to Trade Ex-bonus Tomorrow; Sets 1:1 Ratio for Bonus Issues

Enser Communications share price remains in action after the company has announced the Record Date for its upcoming bonus equity share issue. The Board of Directors has fixed Friday, January 3, 2025, as the Record Date to determine the eligibility of shareholders.

This decision follows shareholder approval obtained through a Postal Ballot on December 14, 2024, and the In-Principle approval granted under Regulation 28(1) of SEBI LODR, 2015, by the National Stock Exchange of India Limited.

Bonus Share Issue Details 

Enser Communications plans to issue a total of 87,16,059 bonus equity shares, fully paid up, to its existing shareholders. The bonus shares will be issued in a 1:1 ratio, meaning shareholders will receive one bonus share for every share held as of the Record Date.

Key Dates for Shareholders

• Type of Security: Equity Shares
• Book Closure Period: Not Applicable
• Record Date: January 3, 2025

This Record Date has been set to identify eligible shareholders for the allotment of the bonus equity shares.

Purpose of the Bonus Issue 

The bonus issue rewards existing shareholders and enhances the bank’s equity base. Shareholders eligible as of the Record Date will receive fully paid-up bonus shares, which reflects the bank’s commitment to delivering value to its investors.

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