BSE Bonus Issue: BSE to conduct board meeting, consider bonus issue on THIS date

BSE Bonus Issue: The Bombay Stock Exchange (BSE) said on Wednesday, March 26, that it will conduct a meeting with its Board of Directors on March 30, 2025, to consider a bonus issue on the same day. The exchange will announce the record date for the upcoming bonus issue at a later stage.

"This is in continuation to the stock exchange intimation made by the company on March 26, thereby informing that a meeting of the Board of Directors is scheduled to be held on Sunday, March 30, to inter alia, consider and approve the proposal for issue of bonus shares, subject to requisite approvals," said BSE in a regulatory filing to the National Stock Exchange (NSE).

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BSE Bons Issue: Here's what BSE said in its filing today

BSE also announced that its trading window will remain closed for securities transactions from March 26, 2025, to April 1, 2025 (both days inclusive).

"In reference to the above, as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company’s Internal Code for Prevention of Insider Trading, the ‘Trading Window’ for dealing in securities of the Company will remain closed from Wednesday, March 26, 2025, till Tuesday, April 1, 2025 (both days inclusive)," said BSE in its exchange filing today.

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Further, as per the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s Internal Code for Prevention of Insider Trading, BSE said the trading window for dealing in the company's securities will be closed from April 1, 2025, until 48 hours after the declaration of the financial results.

"The date of the Board Meeting in this regard shall be intimated separately. Accordingly, all Designated Persons of the Company have been informed not to trade in the securities of the Company during the aforesaid period of closure of Trading Window," added BSE in its exchange filing today.

Established in 1875, BSE is Asia's first stock exchange and one of India's leading exchange groups. The bourse was established as ‘The Native Share & Stock Brokers' Association’ in 1875. In 2017, the BSE became the first listed stock exchange of India. BSE's popular equity index - the S&P BSE Sensex - is India's most widely tracked stock market benchmark index.

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What is a bonus issue?

A company issues bonus shares for its shareholders to increase the stock's liquidity and decrease its stock price to make it affordable for investors. Bonus shares are fully paid additional shares issued by a company to its pre-existing shareholders. Instead of increasing the dividend payout, companies offer to distribute additional shares to the shareholders. For example, the company may give out one bonus share for every ten shares held.

Domestic equity benchmarks Sensex and Nifty 50 snapped their seven-day winning streak, with investors taking to profit-booking ahead of potential US tariff announcements next week. Banking and IT shares log profit bookings today before the scheduled monthly expiry of derivatives contracts.

Sensex tanked 728 points on Wednesday, dragged by profit-taking in banking and IT shares ahead of the monthly expiry of derivatives contracts. The 30-share BSE Sensex index declined by 728.69 points or 0.93 per cent to settle at 77,288.50 after 25 of its components closed in the red.

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