Record Date for Issue of Bonus Shares- Friday 2nd January 2026
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Awaiting price reaction for this filing.
Magnanimous Trade & Finance Ltd has fixed Friday, 2nd January 2026 as the record date for a bonus issue of shares. Under the bonus issue, shareholders will receive 23 bonus equity shares of Rs. 10 each for every 1 fully paid-up equity share held. This means an investor holding 100 shares will be issued 2,300 additional bonus shares. The record date is used to identify which shareholders are eligible to receive these bonus shares.
This is a very large bonus issue (23:1) which will significantly increase the share count and typically adjusts the share price downward proportionally, so short-term price may dip but overall shareholder value remains unchanged. The stock may see trading interest and volume around the record date and ex-date.