Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Bonus issue alert! Last day to buy Anand Rathi Wealth shares for 1:1 bonus reward. Do you own?

Published

on

Bonus issue alert! Last day to buy Anand Rathi Wealth shares for 1:1 bonus reward. Do you own?
Anand Rathi Wealth has fixed June 3 (Wednesday) as the record date for its bonus issue in the ratio of 1:1, effectively making today the last date for interested investors to buy the shares of the financial services firm to be eligible for the bonus shares.

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.

Advertisement

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%.

Advertisement

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)

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Switzerland votes on proposal to cap population at 10 million

Published

on

Switzerland votes on proposal to cap population at 10 million


Switzerland votes on proposal to cap population at 10 million

Continue Reading

Business

Momentum and Small-Caps Lead Market Amid Big IPO

Published

on

Stocks Little Changed After Fed Decision

It’s fitting that the largest IPO ever debuted on a day that Wall Street was back chasing momentum stocks.

The S&P 500 was up 0.5%. The Nasdaq was up 0.4%. The Dow was up 384 points, or 0.8%. SpaceX stock was up 27% to $170.88 in its debut so far, which puts it right around TSMC among the top seven companies by market cap.

The top exchanged-traded funds focused on stocks with particular characteristics, or factors, were mostly momentum, risk, and growth focused on Friday.

Continue Reading

Business

Adobe CFO Heads to a Chip Firm. It’s All You Need to Know About Software’s Downfall.

Published

on

Adobe CFO Heads to a Chip Firm. It’s All You Need to Know About Software’s Downfall.

Adobe CFO Heads to a Chip Firm. It’s All You Need to Know About Software’s Downfall.

Continue Reading

Business

Microsoft Stock Is Having a Rough Week. It’s the Latest AI Play Under Pressure.

Published

on

Microsoft Stock Is Having a Rough Week. It’s the Latest AI Play Under Pressure.

Microsoft Stock Is Having a Rough Week. It’s the Latest AI Play Under Pressure.

Continue Reading

Business

Coming to Grips With a Trillion-Dollar Sum

Published

on

Spencer Jakab hedcut

Not long ago, the word trillionaire only appeared in The Wall Street Journal as hyperbole. It was an obviously exaggerated way of describing an inconceivable fortune—like calling someone a bazillionaire. But now with SpaceX going public, we are today using it for Elon Musk.

Continue Reading

Business

Hopes for Iran Peace Deal Sparked Quick Rally in Luxury Stocks. Is It Time to Buy?

Published

on

Hopes for Iran Peace Deal Sparked Quick Rally in Luxury Stocks. Is It Time to Buy?

Hopes for Iran Peace Deal Sparked Quick Rally in Luxury Stocks. Is It Time to Buy?

Continue Reading

Business

FDA issues highest-risk recall for Alfredo sauce sold in 41 states

Published

on

FDA issues highest-risk recall for Alfredo sauce sold in 41 states

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.

Advertisement

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.

FORD RECALLS MORE THAN 255,000 FOCUS VEHICLES OVER ENGINE STALL RISK

Fettuccine Alfredo being prepared in a pan

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)

According to the FDA, The Coffee Connexion Co., Inc., which is based in Lebanon, Tennessee, voluntarily initiated the recall on May 6, after a supplier recalled a dry milk powder ingredient used in the product due to potential salmonella contamination. The recall remains ongoing.

A representative for The Coffee Connexion Co. did not immediately respond to FOX Business’ request for comment.

Advertisement

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.

MORE THAN 17K COFFEE MAKERS RECALLED AFTER DOZENS OF REPORTED BURN INJURIES

Fettuccini Alfredo on a plate

A serving of fettuccine Alfredo is served. The recalled product was distributed in more than 40 states, according to the FDA. (iStock / iStock)

According to the FDA, the product was distributed in Alabama, Arkansas, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin and Wyoming.

Salmonella can cause serious and sometimes fatal infections in young children, older adults and people with weakened immune systems. Healthy people infected with salmonella often experience fever, diarrhea, nausea, vomiting and abdominal pain, according to the FDA.

Advertisement
Store shelves at Walmart

According to the FDA, the product was distributed in 41 states. (Brian Kaiser/Bloomberg via Getty Images, File / Getty Images)

The FDA’s enforcement report states that no press release was issued for the recall and does not indicate whether any illnesses have been reported.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The recall was assigned FDA recall number H-0909-2026 and received its Class I classification on June 4.

Advertisement
Continue Reading

Business

Soccer-Beating the heat no problem for World Cup fans in sweltering Houston

Published

on

Soccer-Beating the heat no problem for World Cup fans in sweltering Houston


Soccer-Beating the heat no problem for World Cup fans in sweltering Houston

Continue Reading

Business

Mexico investigates murder of mayor of town in Oaxaca state

Published

on


Mexico investigates murder of mayor of town in Oaxaca state

Continue Reading

Business

Trump names James McDonald as US attorney for Manhattan

Published

on


Trump names James McDonald as US attorney for Manhattan

Continue Reading

Trending

Copyright © 2025