Linc Limited Stock Split and Bonus Issue: Record Date Set For December 20

On December 19, 2024, Linc Ltd shares are likely to be in focus as the company has fixed December 20, 2024, as the record date for the bonus issue and stock split. This record date will determine the eligible shareholders for its 1:1 bonus issue and 1:2 stock split. Today, December 19, 2024, marks the last day to purchase shares of Linc Ltd in order to be eligible for both the bonus shares and the stock split. any shares bought after today’s trading session date will not qualify for the bonus or the split.

Announcement For Stock Split and Bonus Issue

On December 7, 2024, Linc Ltd made an official announcement through an exchange filing. The company confirmed that according to Regulation 42 of SEBI (LODR) Regulations, 2015, December 20, 2024, has been set as the record date for two key corporate actions:

• Stock Split: The company will split each equity share with a face value of ₹10/- into two equity shares of ₹5/- each, fully paid up.
• Bonus Issue: Linc Ltd will issue one new fully paid-up equity share of ₹5/- each for every existing fully paid-up equity share of ₹5/-.

This marks a significant milestone for Linc Ltd, as it is the first time the company has issued bonus shares and split its stock.

About Linc Limited

Incorporated in 1976, Linc is one of India’s largest & oldest writing instrument manufacturers including ball pens, gel pens, roller pens, retractable ball pens, dark pencils and other stationery.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.