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A bonus issue is a corporate action where a company issues additional shares to its existing shareholders for free, in proportion to their current holdings. 

Companies do this to enhance share liquidity and affordability by increasing the number of shares available and lowering the market price per share. This allows small investors to participate more easily and rewards existing shareholders by increasing their stake in the company without requiring additional investment. 

Here are the stocks with fixed record dates for issuing bonuses next week:

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Clara Industries Ltd 

Clara Industries Ltd specializes in manufacturing a wide range of industrial packaging products including LDPE, HDPE, PP, BOPP, adhesive tapes, plastic bags, multi-layered flexible packaging (both printed and plain), PP plastic mats, twine, ropes, and related items. 

The company board of directors approved the Bonus Issue of Equity Shares in a 4:1 ratio, which means the company would issue four bonus shares for everyone shares owned by existing shareholders. 

The Company has set July 8, 2024, as the Record Date for determining the Company’s list of shareholders eligible for bonus equity share issuance. 

On July 5th, the company shares closed at ₹234, down 5.21% from the previous close price. The company has a market value of ₹99.4crores. 

Alliance Integrated Metaliks Ltd 

Alliance Integrated Metaliks manufactures structural metal products. The company manufactures a wide range of metal structures and parts of metal structures by fabrication and supply of related heavy steel structures and equipment. 

The company board of directors approved the Bonus Issue of Equity Shares in a 2:1 ratio, which means the company would issue two bonus shares for everyone shares owned by existing shareholders.

The Company has set July 11, 2024, as the Record Date for determining the Company’s list of shareholders eligible for bonus equity share issuance. 

On July 5th, the company shares closed at ₹93.09, up 1.37% from the previous close price. The company has a market value of ₹1,176 crores. 

Written by Omkar Chitnis

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