Standard Capital stock split, bonus shares - Check record date and latest developments

According to the company, the decision has been taken to widen the shareholder base and to make the shares more affordable to small investors.

The company has fixed December 29 as the record date for the bonus issue and sub-division of equity shares.

Standard Capital stock split, bonus shares: Standard Capital Markets Ltd, a non-banking financial company (NBFC), has declared a bonus issue and sub-division of equity shares. The company, through an exchange filing, informed that its board of directors has approved bonus shares in a 2:1 ratio and stock subdivision in a 10:1 ratio. Now, the company has got approval from the BSE for the same.

Standard Capital bonus shares, stock split: Record Date

The company has fixed December 29 as the record date for the bonus issue and sub-division of equity shares.

The record date is the cut-off date that helps companies determine which shareholders are eligible for corporate actions like dividend distribution, stock split, bonus issue and others.

"In terms of Regulation 42 of SEBI Listing Regulations, the Company has fixed Friday, the 29th Day of December 2023, as the Record Date," the company said in a regulatory filing.

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Standard Capital Bonus Shares

The company has announced bonus shares in the ratio of 2:1. This means that eligible shareholders will get two bonus shares for each share they have.

Standard Capital Markets Stock Split

The board of directors has also approved the sub-division of one equity share into 10. In other words, sub-division of one equity share of the face value of Rs 10 each fully paid up into 10 equity shares of the face value of Re 1 each fully paid up.

According to the company, the decision has been taken to widen the shareholder base and to make the shares more affordable to small investors.

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