Two companies are preparing to reward shareholders with bonus share distributions this week, with specific record dates determining investor eligibility. Under India's T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to qualify, as purchases made on the record date itself will not reflect in demat accounts in time.

A-1 Ltd Bonus Share Details

A-1 Ltd's board has recommended issuing bonus shares at a ratio of 3:1, meaning shareholders will receive three new fully paid-up equity shares for every existing share held. The company has set December 31 as the record date for determining eligible shareholders.

This represents A-1 Ltd's second bonus issue, with the previous distribution announced in August 2021 at a ratio of 3:20.

Magnanimous Trade & Finance Bonus Announcement

Magnanimous Trade & Finance has proposed a substantially higher bonus share ratio of 23:1. Shareholders will receive 23 new fully paid-up equity shares for every existing share they hold, subject to shareholder approval. The company has designated January 2 as the record date.

This marks the company's second bonus issue, with the previous distribution announced in May 2013 at a ratio of 3:1.

Key Considerations for Investors

To be eligible for bonus share allotments, investors must hold shares in their demat accounts as of the respective record dates. The record date serves as the cut-off for determining which shareholders qualify for the bonus distribution.

Both bonus issues require shareholder approval before implementation. The significant difference in bonus ratios between the two companies reflects their individual corporate strategies and capital restructuring plans.

Magnanimous Trade & Finance Limited has successfully concluded its Extra-Ordinary General Meeting (EGM) held on December 15, 2025, where shareholders voted on significant capital restructuring proposals. The meeting, chaired by Managing Director Mr. Kurjibhai Rupareliya, was conducted at the company's registered office in Jaipur and concluded at 11:30 AM. The scrutinizer's report confirms that both resolutions were passed with requisite majority.

EGM Proceedings and Resolutions

The EGM addressed two critical resolutions that were previously approved by the Board of Directors on November 20, 2025. Shareholders participated through both e-voting and ballot voting mechanisms to decide on the company's strategic capital expansion plans. CS Krina Gokulkumar Shah served as the appointed scrutinizer for the voting process.

Voting Process and Results

The company facilitated shareholder participation through a comprehensive voting mechanism managed by Central Depository Services Limited (CDSL). E-voting was conducted from December 12, 2025, at 9:00 AM to December 14, 2025, at 5:00 PM, with the cut-off date for e-voting eligibility set as December 8, 2025.

For Resolution No. 1 (authorized capital increase), 6,95,267 votes representing 79.96% of total valid votes were cast in favor. For Resolution No. 2 (bonus share issue), the resolution was passed as a special resolution with requisite majority, though specific voting numbers were not clearly legible in the scrutinizer's report.

Capital Structure Transformation

The first resolution involved increasing the company's authorized share capital from ₹2,37,00,000 divided into 23,70,000 equity shares of ₹10 each to ₹23,00,00,000 divided into 2,30,00,000 equity shares of ₹10 each. This represents a substantial expansion in the company's capital base, providing enhanced financial flexibility for future growth initiatives.

Bonus Share Details

The second resolution addressed the issuance of bonus equity shares at an attractive ratio of 23:1, meaning shareholders will receive 23 bonus equity shares of ₹10 each for every one fully paid-up equity share held.

Next Steps and Implementation

The scrutinizer's report was submitted to BSE Limited on December 16, 2025, confirming the successful passage of both resolutions. The company expects to credit or dispatch the bonus shares within two months from the date of Board approval, with the record date for determining eligible shareholders to be communicated separately.

As of March 31, 2025, Magnanimous Trade & Finance Limited maintained a strong financial position with ₹21,88,37,640 available in its Capital Redemption Reserve account and Surplus in the Profit & Loss Account, supporting these significant corporate actions aimed at enhancing shareholder value.