Investors have a golden opportunity to earn! ‘This’ company will give 23 free shares, what is the record date?

Bonus Share News: Companies in the share market periodically announce corporate benefits for their investors. Many investors keep an eye on companies that announce corporate earnings.

Investors are always attracted by companies that distribute bonus shares and if you too are ready to invest in companies that distribute bonus shares, here is a good news for you.

A major NBFC company in the stock market has announced free share distribution for its investors. Magnanimous Trade & finance Ltd a micro cap category company has taken a big decision to give 23 bonus shares to its investors.

Meanwhile, a record date has also been set by the company and this date is approaching. Due to this, the shares of this company are currently in focus.

What is the record date for bonus share?

We would like to inform you that the board of directors of the company recently decided to issue bonus shares to its investors. The issue of bonus shares in the ratio of 23:1 was approved in the board meeting of the company.

This means now if 1 fully paid up share of this company will get 23 new shares of Rs 10 face value free as bonus. Only those investors who hold shares of the company till the record date set by the company will get the benefit of this bonus share.

For this, the company has set a record date of January 2, 2026. That means, if they want to take advantage of this bonus share, the stock market investors will have to buy the shares till January 1, 2026.

In fact, the company has given bonus shares to its investors even before this. According to the information available from the stock exchange, the company had given bonus shares to its investors for the first time in 2013.

That is, now directly after twelve years, the company is going to distribute bonus shares to its investors for the second time. In 2013, the company had given free shares to its investors in the ratio of 3:1. Currently, the company’s stock is trading in the range of Rs 10 on the Bombay Stock Exchange.