Shakti Pumps shares hit 5% upper circuit as stock trades ex-bonus today

Shares of Shakti Pumps zoomed 5% to hit their upper circuit of Rs 828 on the BSE today as the stock started trading on an ex-bonus basis from today. The company had announced a 5:1 bonus share issue for its shareholders.

The company had announced November 25 as the record date for the purpose. After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date.

“This is further to our letters dated October 7, 2024 and November 11, 2024 intimating the approval by the members for issue of bonus shares in the ratio of 5:1. In this regard, we wish to inform you that the Company has fixed Monday, November 25, 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company,” said the company in a previous filing to the stock exchanges.


Hence, the investors who would have bought the stock at least one day before the ex-date, i.e, Friday, November 22 in this case, will be eligible for the bonus shares. Those buying the stock on the ex-date, which is today, are not eligible for the same.

In the past, Shakti Pumps has issued bonus shares to its shareholders once in 2011 wherein the shareholders received one additional share for each existing share of the company held.

A 5:1 bonus share issue means that the shareholders will be credited with 5 new shares of the company for each existing share that they hold.

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