Classic Electricals has announced it will issue 4,20,375 equity shares of Rs 10 each as fully paid bonus shares to non-promoter shareholders in the ratio of 5 new shares for every 1 existing share held as of the record date.

Shikhar Leasing and Trading has announced it will issue 2,77,260 equity shares of Rs 10 each as fully paid bonus shares to non-promoter shareholders in the ratio of 3 new shares for every 1 existing share. 

Additionally, shares of Real Eco-Energy and Godawari Power and Ispat will trade ex-date on Thursday for stock subdivisions. Real Eco-Energy has announced a stock split, converting 1 equity share of Rs 10 face value into 5 equity shares of Rs 2 each.

Godawari Power and Ispat will also split its stock, subdividing 1 equity share of Rs 5 face value into 5 equity shares of Re 1 each.

The ex-date marks the cutoff point when buying a stock no longer includes entitlement to upcoming dividends, bonuses, or stock splits. To qualify, investors must own the stock prior to the ex-date. Those purchasing on or after this date are ineligible. 

Companies then determine beneficiaries based on the record date, identifying eligible investors from the list of shareholders at that time, typically a few days after the ex-date. Essentially, the ex-date is the last day to buy a stock and still receive upcoming corporate benefits.

First Published: Oct 03 2024 | 7:54 AM IST