5 Bonus Shares On 1 Existing Share; 4 Stocks To Turn Ex-bonus From February 19-23rd; Do You Own Any?

Four stocks of diverse segments are set to turn ex-bonus in the trading week from February 19th to 23rd. These stocks are multi-baggers in the long run. They are Choice Internation, Eastern Logica Infoway, MAS Financial Services and SG Mart.

Listed companies announce bonus issues from their free reserves and surplus, and it is also an attempt to increase fresh capital into the stock. The bonus shares are new shares which are issued by the companies at the existing Face Value of equity shares. They are issued free of cost. Also, face value remains the same post-bonus issue. The benefits of the bonus issue are that the number of outstanding shares rises, liquidity picks up, and implicit value per equity share.

1. Choice International Bonus Issue:

The first up-to-turn ex-bonu next week will be Choice International. The company has fixed Tuesday, February 20, 2024, as the Record Date to determine the names of Members who shall be entitled to allotment of bonus equity shares in the ratio of 1: 1 i.e. 1 (One) new fully paid-up equity share of Rs. 10/- each for every 1 (One) fully paid-up equity share of Rs. 10/- each held by the existing Members of the Company.

As one of the leading financial institutions in solar financing in Rajasthan, Choice International Limited aims to empower individuals, communities, and businesses to embrace clean and sustainable energy options.

An end-to-end financial conglomerate, the group has over the past decade expanded massively to become a holistic financial services firm with ground-breaking technologies and innovative methodologies to serve its clients. Choice is among the top 20 brokers with a pan India presence with over 9.74 lakh+ clients and over 36,000+ trained business associates.

2. Eastern Logica Infoway Bonus Issue:

The company's board has granted in-principle approval for the issue and proposed allotment of not exceeding 1,42,53,345 bonus equity shares having a face value of Rs 10 each, in the ratio of 5 new equity shares for every 1 existing share.

The Company has fixed Wednesday, February 21st,2024 as the "Record Date" to ascertain the eligibility of shareholders for the Issue of Bonus Equity Shares in the ratio of 5:1, which is subject to the approval of shareholders.

Eastern Logica is engaged in multi-brand retail and retail selling as well as distribution of branded smartphones, IT hardware, software and allied accessories and services. The Company also provides networking and security solutions to our consumers.

3. MAS Financial Services Bonus Issue:

The company recommended the issue of Bonus Shares in the proportion of 2:1 i.e. 2 (Two) new fully paid-up bonus equity shares of Rs. 10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of Rs. 10/- (Rupees Ten only) each held by the Members of the Company as on the Record Date, subject to the approval of the Members of the Company.

Further, the company fixed a Record Date for reckoning eligible Members of the Company entitled to receive bonus shares, as of Thursday, February 22, 2024.

MAS aims to be one of the most efficient distributors of financial services. Efficiency in general describes the extent to which time, effort (labor) or cost (money) is well used for the intended task or purpose. It means optimum use of available resources & to generate the best possible productivity by them. The company firmly believe that even the biggest company can collapse if they are not efficiency-conscious and even the smallest company can be a superpower if they pay attention to increasing their efficiency.

4. SG Mart Bonus Issue:

The company also fixed February 22 as the record date for the bonus issue in the ratio of 1:1. Hence, the company will pay 1 bonus share having a face value of Rs 1 each against the existing 1 equity share. The bonus issue will be carried out after the stock split.

According to the filing, bonus shares will be issued out of the Securities Premium account and/or retained earnings and/or free reserves and/or any other permitted reserves/surplus of the Company available as of March 31, 2023.

Further, the proposed number of securities to be issued as bonuses is Rs 6,30,00,000 divided into 6,30,00,000 Equity Shares of the face value of Rs 1/- each (considering post-split shares) which includes the amount of Rs 72,30,000 specifically reserved for 7,23,000 outstanding Warrants convertible into Equity Shares.

SG Mart is engaged in renewable energy generation services, operating solar & wind energy projects and even generating electric power.

Disclaimer: The stock highlights about bonus issue, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.