Bonus issue alert! Last day to buy these 2 microcap stocks for bonus share rewards. Do you own?

Two microcap stocks, including Maestros Electronics and Arihant Academy, are set to turn ex-record date on Thursday for their respective 1:1 bonus issues, effectively making today the last day for interested investors to buy shares of the companies to be eligible to receive the bonus shares under the corporate action.

Only those shareholders who hold the shares of these companies in their demat accounts as of Thursday will be eligible to receive the bonus shares. Due to SEBI's T+1 settlement norm, investors must purchase the company's shares at least one trading day before the record date so they are credited to their demat accounts by that date and qualify for the corporate action. This effectively makes today the final day for investors to buy the shares to be eligible for the bonus issue.

A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add shares of the company to their portfolio. A 1:1 bonus issue means that eligible shareholders will get one bonus share for every single share held in the company as on the record date.


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Maestros Electronics bonus issue

Maestros Electronics & Telecommunications Systems last month announced that its board of directors considered and approved the plan to issue bonus shares in the ratio of 1:1. The company will issue more than 55 lakh shares with a face value of Rs 10 each as part of the corporate action.

Maestros Electronics is mainly associated with medical electronics and instrumentation. The shares of the company have delivered multibagger returns of around 102% in the past six months and 312% in five years. The company has a market capitalisation of a little over Rs 134 crore.

Arihant Academy bonus issue

Arihant Academy’s board approved the plan to issue bonus shares in the ratio of 1:1 with each share carrying a face value of Rs 10 each. Accordingly, the company’s authorized share capital would increase to Rs 1.25 lakh crore.

The shares of Arihant Academy have gained 13% in one year and 289% in three years. The company has a market capitalisation of a little over Rs 297 crore.

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Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.