3 Stocks Set To Announce Bonus Shares In August: Key Takeaways

Three companies are planning to issue bonus shares soon. These companies are Insecticides India Ltd, Madhya Bharat Agro Products Ltd, and Saianand Commercial Ltd.

What is bonus share?

These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares. Check key takeaways below:

Saianand Commercial Ltd To Issue Bonus Shares

Saianand Commercial Limitedhas informed BSE "we hereby like to inform you that a meeting of the Board of Directors of the Company will be held at registered office of the company on Thursday, 25th day of August, 2022 interalia, to recommend and approve the issue of bonus shares to the equity shareholders of the company."

Saianand Commercial Ltd Stock Outlook

The current market price of the stock is Rs 1.90 apiece with a 52-week high of Rs 2.08 apiece and 52-week low of Rs 0.88 apiece. It has a market capitalization of Rs 21.58 crore at the time of writing the story. The company has registered strong annual EPS growth.

About Saianand Commercial Ltd

Saianand Commercial Limited came into existence on 22 December 1984. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. It is engaged in Other wholesale [Includes specialized wholesale not covered in any one of the previous categories and wholesale in a variety of goods without any particular specialization) and trades in chemicals.

Insecticides India Ltd to Issue Bonus Shares

The board of directors in their regulatory filing stated, "Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 this is to inform that a meeting of the Board of Directors of Insecticides (India) Limited will be held on Saturday, August 20, 2022 inter-alia to consider a proposal for issue of Bonus shares to the equity shareholders of the Company, subject to approval of shareholders."

Insecticides India Ltd Stock Outlook

The current market price of the stock is Rs 1016 apiece with a 52-week high at Rs 1094 apiece and 52-week low at Rs 582 apiece. It has a market capitalization at Rs 2013 crore.

Insecticides India Ltd About

Insecticides (India) Ltd. is committed to fortify Agriculture with a highly productive and progressive vision and mission to make Farmers prosperous. Having made a modest foray into agriculture space in 2001, today Insecticides (India) is one of the premier names in Crop Protection Industry.

Madhya Bharat Agro Products Ltd To Consider Bonus Issue

The board of directors informed NSE, "Madhya Bharat Agro Products Limited has informed the Exchange about Board Meeting to be held on 23-Aug-2022 to consider Bonus and Other business matters."

Madhya Bharat Agro Products Ltd Stock Outlook

The current market price of the stock is Rs 807 apiece with a 52-week high of 808 and 52-week low at Rs 770 apiece. The company has a market capitalization at Rs 1,767 crore.

About Madhya Bharat Agro Products Ltd

Madhya Bharat Agro Products Limited (MBAPL) is a leader in the production of Beneficiated Rock Phosphate (BRP), single super phosphate, DAP/NPK complex fertilisers, potash, prom for agricultural purposes, Sulphuric acid and other important chemicals.