1:1 Bonus Shares Soon! Record Date In The 1st Week of October; Check Details

The record date for the upcoming bonus shares corporate action has been announced by GEE Limited, formerly known as General Electrodes and Equipments Limited. In order to ascertain the shareholders' eligibility for the bonus issue, which is contingent upon member approval at the company's 64th Annual General Meeting (AGM), which is set for September 26, 2025, the record date, which falls during the first week of October, has been set.

GEE Bonus Shares Record Date

The Board has fixed October 03, 2025 as the record date for the purpose of 1:1 bonus shares, i.e. bonus issue of 1 new fully paid-up equity share of face value of Rs 2/- each for every 1 existing fully paid-up equity share of face value of Rs 2/- each.

"In this regard, we wish to inform that in accordance with SEBI circular CIR/CFD/PoD/2024/122 dated September 16, 2024, the deemed date of allotment of Bonus Shares shall be Monday, October 06, 2025, and these Bonus Shares will be made available for trading on the next working day of allotment i.e. Tuesday, October 07, 2025, subject to the approval of Members at the ensuing 64th AGM," said GEE Ltd in a stock exchange filing.

Note for shareholders holding equity shares of GEE in physical form

"Pursuant to the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, new Bonus Shares shall be allotted in dematerialized form only. In case the shareholders are holding equity shares in physical mode they are requested to provide their demat account details and dematerialize their physical share certificates by contacting their respective Depository Participant (DP) on or before the Record Date for receipt of bonus equity shares in their respective beneficiary accounts. As the Bonus Shares will be allotted in dematerialized form only the Company shall credit the bonus Equity Shares to an escrow demat account until receipt of requisite details," confirmed GEE Ltd in a regulatory filing.

GEE Target Price

"GEE stock price is slightly bullish on the Daily charts with strong support at 171. A Daily close above resistance of 184 could lead to a target of 197 in the near term," commented A R Ramachandran, independent research analyst.

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