Brigade Enterprises Announces 1:3 Bonus Issue with Record Date Set for 17 June Brigade Enterprises, a real estate developer based in Bengaluru, has announced a bonus issue of shares to its shareholders. The company has set June 17 as the record date for the bonus issue, which will be distributed in a 1:3 ratio. This means shareholders who hold the company’s shares on the record date will receive one bonus share for every three shares they own. The decision was approved by shareholders through an e-voting process on June 7, as disclosed in a filing with the stock exchange. The bonus issue is part of the company’s capital restructuring plan, which also includes an increase in its share capital. Brigade Enterprises has approved raising its share capital from 250 crores to 400 crores, with shares now to be divided into 40 crore shares instead of the previous 25 crore. This move is expected to enhance liquidity and support the company’s growth initiatives in the real estate sector. The announcement was made following the release of the company’s Q4 results for the fiscal year ending March 2026. During that period, Brigade Enterprises had already proposed the bonus issue to its board, which was subsequently approved by shareholders. The bonus issue is significant as it marks the company’s first such offering in nearly seven years. Shareholders will need to ensure they hold the company’s shares on the record date of June 17 to be eligible for the bonus shares. The company’s shares are currently listed at a face value of 10 rupees. The bonus issue is anticipated to positively impact shareholder equity and investor sentiment, particularly in the context of the real estate market’s evolving dynamics.#real_estate #bengaluru #shareholders #bonus_issue #brigade_enterprises
Cupid Ltd Shares Surge 15% on Bonus Issue, Trading Volume Jumps 35 Times Average Shares of Cupid Ltd surged during Monday’s trading session, with the stock climbing nearly 13% to reach an intraday high of Rs 92.90 on the NSE. On the BSE, the stock rose as much as 15% amid heightened buying interest. The rally followed the company’s shares beginning to trade ex-bonus, which triggered a sharp increase in demand. The stock’s upward movement was driven by the 4:1 bonus share issue, which adjusted the share price to reflect the additional shares issued to existing shareholders. Ex-bonus trading often leads to increased liquidity and investor participation, as the per-share price becomes lower. This adjustment made the stock appear more affordable, attracting traders and boosting volume. Trading volumes for Cupid Ltd spiked significantly, with the NSE reporting 4.97 crore shares traded, a 34.57x increase compared to the 2-week average of 43.64 lakh shares on the BSE. The surge in activity was attributed to the ex-bonus status, which typically encourages higher participation. The stock’s performance also reflected strong quarterly results, as the company’s financials showed substantial growth. Cupid Ltd reported revenue from operations of Rs 93.51 crore in Q3 FY26, up 101.7% year-on-year from Rs 46.35 crore in Q3 FY25. Total income reached Rs 104.40 crore, compared to Rs 50.76 crore in the same period last year. Net profit after tax rose to Rs 32.87 crore, a 196.6% increase from Rs 11.08 crore in Q3 FY25. Basic and diluted earnings per share (EPS) were Rs 1.22, up from Rs 0.41 in the prior-year quarter. The company’s market capitalization stands at around Rs 12,331 crore, with minimal debt. Financial metrics include a return on capital employed (ROCE) of 17.1% and a return on equity (ROE) of 12.9%.#bse #nse #cupid_ltd #bonus_issue #q3_fy26
