Three companies are set to hold board meetings over Saturday and Tuesday to mull over issuing bonus shares to its shareholders and also consider proposals to split their stock.
Two of those companies will be holding their board meeting on Saturday, October 26, while the third one, will be holding its board meeting on Tuesday, October 29.
Sky Gold is the first company, who will hold its board meet on Saturday to consider a bonus issue of shares.
The company, which currently has a market capitalisation of over ₹5,000 crore, has previously issued bonus shares in the ratio of 1:1, meaning one free share for every one held, in 2022 as well.
Shares of Sky Gold have more than tripled in value so far in 2024, having risen 261% so far. However, it must be noted that the company is in Stage 4 of the Additional Surveillance Measures (ASM) framework.
A stock in ASM stage 4 requires each trade to be settled individually and not netted off against other trades, requires full upfront margins and price band is limited to 5% on either side.
Siyaram Silk Mills will also hold a board meet on Saturday, October 26 to consider a bonus issue of shares, an interim dividend, along with its quarterly results.
This will be the first instance that the company will be issuing bonus shares after having carried out a share buyback in 2023. The company, which currently has a market capitalisation of over ₹2,400 crore, has fixed November 6 as the record date for its interim dividend.
Linc Ltd. will be the third company that will hold a board meet on Tuesday, October 29, to consider a bonus issue of shares, as well as a stock split.
Linc has not carried out either corporate action in its trading history so far and it will be the first instance on both counts for the company.
Shares of Linc are currently flat on a year-to-date basis and have a market capitalisation of close to ₹1,000 crore.
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