Bonus shares: BSE listed small-cap stock Sunrise Efficient Marketing to trade ex-bonus today. Details here
Bonus shares 2023: Sunrise Efficient Marketing Ltd shares are in news today as the small-cap company has declared bonus shares in 1:1 ratio and bonus record date has been fixed on 8th September 2023 i.e. today.
Hence, the BSE listed stock will be in focus as the stock is going to trade ex-bonus today. The company board had earlier informed Indian stock market bourse about issuance of one bonus share to its eligible shareholders for every one share they held on record date.
Informing BSE about bonus shares, the small-cap company said, "The consent of the members of the Company be and are hereby accorded to capitalize a sum of Rs. 5 crore only (Rupee Five Crore Only) out of free reserve and surplus, for the purpose of issuance of bonus shares of 50,00,000 equity shares of Rs.
10/- (Rupees Ten Only) each, credited as fully paid-up equity shares to the holders of existing equity share(s) of the Company whose names appear in the Register of Members maintained by the Company and the List of Beneficial Owners as received from the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) on the Record Date as fixed by the Board for the purpose, in the proportion of 1 (one) Bonus equity share of Rs. 10/- each for every (1) one existing equity share of Rs.
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