7 stocks will become ex-bonus this week. Checklist here

These seven companies are — Shubham Polyspin, Alphalogic Techsys, Eclerx Services, IFL Enterprises, Choice International, Ruby Mills and JMD Ventures.

Control List

Shubham Polyspin

Shubham Polyspin is a very experienced manufacturer of polypropylene products like PP yarn, narrow fabrics, etc.

The company has set September 22 as the record date for its bonus issuance at a ratio of 1:10. This means that eligible shareholders will receive one free share with a nominal value of 10 each for the ten existing shares at 10 fully paid up.

It will become ex-bonus on September 21.

On the BSE, the company’s shares amounted to 118.35 each down 4.98% on Friday.

Alphalogic Techsys

Pune-based Alphalogic specializes in software and consulting with clients spanning 30 countries. The company has expertise in Ruby on Rails, Java, Swift and Objective-C, AngularJS, HTML5 and others.

On Friday, shares closed at 64.60 each per 4.96% on BSE.

The company announced a bonus issue with a ratio of 1:2. Eligible shareholders will receive one free share for two existing shares. September 21 is set as the closing date to determine the shareholders eligible for free shares.

Thus, the shares will become ex-bonus on September 21.

Eclerx Services

eClerx provides business process management, automation and analytics services to a number of Fortune 2000 companies, including some of the world’s leading companies in financial services, communications, retail, fashion, media and entertainment, manufacturing, travel and leisure and technology.

To determine which shareholders are eligible for free issues in a 1:2 ratio, the company has set September 22 as the record date.

eClerx will offer one free share for every 2 existing shares with a par value of 10 each.

On the BSE, the company’s shares closed at 2,243.70 each less 83.30 or 3.58%. The market capitalization of the company is 7,589.64 crores.

The shares of the company will become ex-bonus on September 21.

IFL Enterprises

The Company is engaged in the business of acquiring, trading in stocks, stocks, bonds, etc. It also trades in all kinds of fabrics and other similar products.

On BSE, IFL stock closed at 164.85 each Friday flat from the previous close.

The company will issue free shares in a ratio of 1:1, which means, one free capital share for each existing capital share having a par value of 10 each.

The company has set September 21 as the record date for issuing bonuses.

Just like the aforementioned shares, the IFL shares will also become ex-bonus on September 21.

International Choice

Choice International is one of India’s leading financial services conglomerates serving not only India but also the entire world.

On the BSE, the company’s shares closed at 461.05 each down 1.98% on Friday.

The company will determine eligible shareholders for the free issues at a 1:1 ratio on the September 23 record date.

Eligible shareholders will receive one free share for each existing share with a par value of 10 each.

Prior to the record date, shares of Choice Int will become ex-bonus on September 22.

Ruby mills

The company is a leader and manufacturer of pure and blended fabrics. Its product range of premium fabrics includes, among others, cotton, polyester and viscose.

It has set September 25 as the record date for the determination of shareholders eligible for free issues in a ratio of 1:1.

Shareholders whose names appear on the company’s register will receive one free capital share for each existing capital share of a nominal value of 5 each.

September 25 being a weekend, Ruby Mills shares will therefore become ex-bonus on September 23.

On the BSE, shares of Ruby Mills closed at 672.80 each down 1.72% on Friday.

JMD Ventures

JMD is an Indian business conglomerate with revenues of over Rs 2 billion and a diverse business portfolio spanning different sectors i.e. entertainment, digital, e-commerce, education, distribution, retail retail, investment, infrastructure, media, trade and services.

On BSE, JMD stock closed at 2:20 p.m. each up 1.94% on Friday.

The company has set September 23 as the record date to determine which shareholders are eligible for bonus issuances at a 1:1 ratio.

Eligible shareholders will receive 1 new capital share as a bonus on each existing capital share.

Prior to the record date, the shares will become ex-bonus on September 23.

Free shares

The ex-bonus is an important date for investors to be eligible for free shares. To be eligible for free shares, an investor must buy shares of a company at least one or two days before the ex-date. This is due to the T+1 and T+2 settlement cycle.

Companies like Alphalogic, JMD Ventures and IFL Enterprises will become ex-bonus on the same day as the record date due to their settlement cycle being “T+1”.

In particular, under the T+1 option, the shares you have purchased will be credited to your Demat account within 24 hours. Meanwhile, under the T+2 option, the shares you purchased will be credited to your Demat account after two days.

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