Business
Bonus issue alert! Last day to buy Anand Rathi Wealth shares for 1:1 bonus reward. Do you own?
Only those shareholders who own Anand Rathi Wealth shares in their demat accounts as on Wednesday will be eligible to receive the bonus shares. Due to SEBI’s T+1 settlement norm, investors must buy the company’s shares at least one trading day before the record date to ensure they are credited to their demat accounts by that date and thus be eligible for the corporate action. This effectively makes today the last date for investors to buy the shares of the company so that they are credited to the shareholders’ accounts by the record date (Wednesday), making them eligible for the bonus issue bonanza.
All about Anand Rathi Wealth’s bonus issue
Anand Rathi Wealth in April had announced that its board of directors approved a bonus issue of shares in the ratio of 1:1 by capitalising its reserves, along with a final dividend of Rs 7 per equity share for the financial year 2026. As part of the bonus issue, Anand Rathi Wealth will issue one new fully paid-up equity share with a face value of Rs 5 for every existing fully paid-up equity share held by the eligible shareholders as on the record date.“The bonus equity shares will be issued out of retained earnings and/or the securities premium account and/or the capital redemption reserve account of the company available as at 31st March, 2026 (free reserves). The bonus shares once allotted shall rank paripassu in all respects with the fully paid-up equity shares of the company and carry the same rights as the existing fully paid-up equity shares of the Company and not as an income or distribution in lieu of dividend,” the company said.
Anand Rathi Wealth added that Rs 41.51 crore is required to be used from its free reserves in order to implement the bonus issue. At the end of the March quarter of FY26, the company had free reserves worth more than Rs 950.22 crore. The bonus shares will be added to the demat accounts of the eligible shareholders on or before June 7.
Bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add shares of the company to their portfolio.
Anand Rathi Wealth share price
Anand Rathi Wealth shares more than doubled in less than a year to hit a fresh 52-week high of Rs 3,735 apiece in April this year, up from the 52-week low of Rs 1,860 apiece which the stock had hit in May last year. The stock has however fallen around 3% in one month, but has gained 13% so far in 2026.
In the longer term, the shares of the company have delivered 86% returns over one year. The company has a market capitalisation of more than Rs 29,000 crore. The stock has a P/E ratio of more than 72.
Anand Rathi Wealth Q4 snapshot
Anand Rathi Wealth in April reported a consolidated net profit of Rs 103.1 crore for Q4 FY26, marking a 40.5% year-on-year (YoY) increase from the Rs 73.37 crore reported in the corresponding quarter of the previous financial year. Revenue from operations meanwhile grew around 30% YoY to Rs 287.82 crore during the quarter under review, as against Rs 221.96 crore in the same period last year. Its total assets under management (AUM) jumped 21% YoY to Rs 93,037 crore, with return on equity (RoE) at 46.7%.
Also read: Anand Rathi Wealth CEO bets on 29% profit growth in FY27
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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The Food and Drug Administration (FDA) has classified a recall of more than 900 cases of Alfredo sauce at its highest risk level after a supplier recalled a dry milk powder ingredient used in the product due to potential salmonella contamination.
The FDA designated the recall as a Class I event, its most serious classification, meaning there is a reasonable probability that use of or exposure to the product could cause serious adverse health consequences or death.
The recall affects 913 cases of Alfredo sauce packaged in 3-pound, 7-ounce sealed poly bags and 12 bags per case, according to an FDA enforcement report.
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Fettuccine Alfredo is prepared in a kitchen. The FDA classified a recall of more than 900 cases of Alfredo sauce as a Class I event due to potential salmonella contamination. (Getty Images / Getty Images)
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The affected product carries UPC 0039954921963 and includes batches 046188 through 046193 with a best-by date of Jan. 12, 2028; batches 047290 through 047296 with a best-by date of Feb. 16, 2028; batches 048029 through 048034 with a best-by date of March 9, 2028; and batches 049089 through 049094 with a best-by date of April 20, 2028.
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A serving of fettuccine Alfredo is served. The recalled product was distributed in more than 40 states, according to the FDA. (iStock / iStock)
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According to the FDA, the product was distributed in 41 states. (Brian Kaiser/Bloomberg via Getty Images, File / Getty Images)
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The recall was assigned FDA recall number H-0909-2026 and received its Class I classification on June 4.
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