Five stocks will turn ex-dividend in the month of September. These stocks are Alphalogic Techsys Ltd, Shubham Polyspin Ltd, eClerx Services Ltd, Ruby Mills Ltd, and Ruby Mills Ltd.
Volatility and consolidation are expected to continue in the coming week, with focus on the US Federal Reserve policy meeting and global cues in the absence of domestic cues, experts said.
Shubham Polyspin Ltd has announced bonus shares in the ratio of 1:10 which implies that shareholders will be issued 1 bonus share for every 10 shares that they hold. Shubham Polyspin came into existence in 2012. The small-cap company operates in textile sector. Currently, it is producing 3000 MT of Polypropylene Multifilament Yarn per annum.
Board of directors of three companies namely Ruby Mills Ltd, M Lakhamsi Industries Ltd, and Shubham Polyspin Ltd have approved and recommended the issue of bonus equity shares.
Five companies are scheduled to hold meetings between August 10 to August 16 in order to consider and approve bonus issues of shares. These companies are Yug Décor Ltd, M Lakhamsi Industries, Pondy Oxides & Chemicals Ltd, Ram Ratna Wires Ltd and Shubham Polyspin Ltd.
Board of TPL Plastech Ltd considered the proposal for sub-division of 1 (One) equity share of the Company having face value of ₹10/- each into 5 (Five) equity shares having face value of ₹2/- each. Meanwhile, board of Shubham Polyspin Ltd is considering recommendation of bonus equity shares after gaining 42% in just one month.
Shubham Polyspin came into existence in 2012 and currently the company is producing 3000 MT of Polypropylene Multifilament Yarn per annum. Over the years Shubham Polyspin has emerged a sought-after brand in the Polypropylene Yarn (PP Yarn) sector across the globe. The board of the company has now announced that it would meet on August 13, 2022 to consider the bonus share issue.