Bonus issue alert! Last day to buy Goodluck India shares for 2:1 bonus reward. How will dividend payout be impacted?
Goodluck India in July announced its maiden bonus issue in the ratio of 2:1. Under the proposal, eligible shareholders will receive two bonus equity shares of face value Rs 2 each for every one equity share held as of the record date, which will be announced separately.
Goodluck India has set Friday as the record date for its 2:1 bonus issue, making today the final day for investors to purchase shares in order to qualify for the bonus shares. According to Sebi's T+1 settlement cycle, investors must buy the stock at least one trading day before the record date for the bonus shares to be credited to their demat accounts.
Goodluck India announced its first bonus issue in July at a 2:1 ratio. Shareholders who hold the company's shares in their demat accounts as of the record date will receive two bonus shares for each share they own. While bonus issues increase the total number of outstanding shares, they do not affect the company's market capitalization. However, they can enhance liquidity and make the stock more affordable for investors.
In May, Goodluck India declared a final dividend of Rs 3 per share for the financial year ending March 31, 2026, pending shareholder approval. Following the announcement of the 2:1 bonus issue, the board adjusted the final dividend to Re 1 per share. Since March 2003, the company has paid 27 dividends, with a current dividend yield of 0.51% based on the market price.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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