Power Mech Projects Bonus Share Details
Announcement Date
22-Aug-2024
Bonus Date
22-Aug-2024
Bonus Ratio
1:1
Record Date
08-Oct-2024
Ex-Bonus Date
08-Oct-2024
Power Mech Projects has announced a bonus share issuance, aimed at rewarding its existing shareholders and improving market liquidity. The announcement was made on 22-Aug-2024, with the record date fixed for 08-Oct-2024 to determine eligible investors. The Power Mech Projects bonus ratio is 1:1, implying that shareholders will receive additional shares in this proportion. The Power Mech Projects ex-bonus date is 08-Oct-2024, followed by the bonus credit date of 22-Aug-2024.
Power Mech Projects Bonus History
| Bonus Date | Bonus Ratio | Record Date | Ex-Bonus Date |
|---|---|---|---|
| 22-Aug-2024 | 1:1 | 08-Oct-2024 | 08-Oct-2024 |
Upcoming Bonus Shares By Indian Companies
View More| Company | Bonus Ratio | Announcement | Record Date | Bonus Date |
|---|
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Power Mech Projects FAQs
Power Mech Projects bonus shares will be credited directly to your demat account after the record date of 08-Oct-2024. The credit process typically takes 7-15 working days from the record date. You can track the status of your bonus shares through your Choice Demat account.
To receive Power Mech Projects’s bonus shares, you must be a registered shareholder on the Bonus Share Record Date of 08-Oct-2024.
To qualify:
To qualify:
- Your name must appear in Power Mech Projects's shareholders' register
- Shares must be held in your demat account or physical form
- All shares should be fully paid up
- Purchase of shares must be completed before the bonus share ex-bonus date of 08-Oct-2024
Power Mech Projects issues bonus shares in the ratio of 1:1. Based on that you will be allocated bonus shares for every share that you hold.
The number of bonus shares you receive mainly depends on the bonus ratio announced by the company.
For example:
The number of bonus shares you receive mainly depends on the bonus ratio announced by the company.
For example:
- In a 1:1 bonus ratio, you receive one new share for each share held
- With a 2:1 ratio, you receive two new shares for each share held
- For a 1:2 ratio, you receive one new share for every two shares held
Power Mech Projects's share price typically adjusts proportionally after the bonus issue. For instance, if Power Mech Projects's share price is ₹100 and it announces a 1:1 bonus:
- The theoretical post-bonus price would be ₹50
- Your total investment value remains unchanged
- The number of shares in your portfolio doubles
The record date for Power Mech Projects bonus shares is 08-Oct-2024
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