3 stock splits and 2 bonus stocks to watch next week
1. Lifestyle Garment Mantra:
It is a clothing and apparel entity with an m-cap of Rs. 72.28 crores. Founded in 2005, the company formerly known as Junction Fabrics and Apparels Limited is engaged in manufacturing the latest fashionable sleepwear under its exclusive brands Hylex, Monk and Helicon. The production units of the company are located at Nethaji Apparel Park, Tirupur.
As for its stock split, the shares of the company will be subdivided by Rs. 10 per capital share of the company into the capital share of Rs. 1 each. The record date for the same has been set for Thursday, May 19, 2022, while the stock will become ex-date on May 18, 2022.
2. Air freight logistics:
This is another small cap company offering logistics solutions. The company is primarily engaged in handling all export and import freight needs by air and sea, with an emphasis on perishable and general cargo. In an exchange filing, the company said that “the members of the company by postal ballot, by remote electronic vote only, have approved the sub-division of each 1 (one) share of capital of the par/face value of Rs. 10/- each in 2 (two) equity shares of
the face/face value of Rs. 5/- each.
3. Tim Metal:
The company, which is headquartered in Mumbai, is mainly engaged in the trading of color coated coils and profiled sheets. On April 8, the board of directors of the company recommended the proposal to subdivide the 1 shares of the company with a nominal value of Rs.10/- each into 10 shares with a nominal value of Rs.1 each. Later, on May 10, the company announced the record date for the split as May 23.
4. Sindhu Trade Links:
The diversified business services company operates in transportation, oil and diesel trading, finance, civil construction and coal mining. The Company’s segments include Financial Operations, Oil & Lubricants and Transportation.
On April 8, the company announced and approved the free share issue and said “As part of the company’s efforts to increase shareholder wealth, the board of directors has approved the free share issue of free participation to existing shareholders at a ratio of 2:1, i.e. 2 bonus shares Share of Rs. 1/- each for every 1 existing paid-in capital share, held by shareholders at a record date, subject to statutory and other required approvals.
The company’s 1-year return is a jaw-dropping 1681%.
5. SecUR credentials:
The company is dedicated to background checks and due diligence. The Company provides end-to-end screening services. His areas of practice include corporate background checks (BGC), individual BGC and due diligence. The company announced the free share issue on April 4 of 110 shares for every 100 shares held by the company’s shareholder on the record date.
|Store||Stock split/bonus ratio||Registration Date||Secondment date|
|Garment Mantra||Fractional stock from Rs. 10 to Rs. 1||05/19/22||05/18/22|
|Air freight logistics||Fractional stock from Rs. 10 to Rs. 5||05/20/22||05/19/22|
|The Tim Metal||Fractional stock from Rs. 10 to Rs. 1||05/23/22||05/20/22|
|Sindhu Trade Links||Bonus Actions 2:1||05/21/22||05/19/22|
|SecUR ID||Free shares 110:100||05/19/22||05/18/22|