Description
Undertaking for credit of bonus shares in depository system with timeline for completion by January 5, 2026 and trading availability from January 6, 2026.
Summary
Magnanimous Trade & Finance Limited (Scrip Code: 512377) has submitted an undertaking to National Securities Depository Limited regarding the credit of bonus equity shares to eligible shareholders. The company confirms that bonus shares will be credited to demat accounts by 12:00 Noon on January 5, 2026 (T+1 day) and will be available for trading from January 6, 2026 (T+2 day) on a Beginning of Day basis.
Key Points
- Company: Magnanimous Trade & Finance Limited (CIN: L65923RJ1991PLC059251)
- Scrip Code: 512377
- Corporate Action: Bonus issue of equity shares
- Undertaking submitted to NSDL in compliance with BSE requirements
- Credit timeline: By 12:00 Noon on next working day after record date
- Trading availability: T+2 day on BOD basis
- Company to coordinate with Registrar & Share Transfer Agent and Depositories
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action compliance filing.
Compliance Requirements
- Magnanimous Trade & Finance Limited must credit bonus equity shares to eligible shareholders’ demat accounts by 12:00 Noon on January 5, 2026 (T+1 day)
- Company must ensure bonus shares are available for trading on BOD basis from January 6, 2026 (T+2 day)
- Compliance with SEBI Regulations, Depository Rules, and BSE guidelines required
- Coordination with Registrar & Share Transfer Agent and Depositories mandatory
- Undertaking binding on the company
Important Dates
- Circular Date: December 26, 2025
- Record Date: January 3, 2026 (Friday - implied from T+1 being Monday)
- Bonus Share Credit Deadline: January 5, 2026 (Monday) by 12:00 Noon (T+1 day)
- Trading Commencement: January 6, 2026 (Tuesday) on BOD basis (T+2 day)
Impact Assessment
Shareholder Impact: Eligible shareholders as on the record date will receive bonus shares in their demat accounts, increasing their shareholding without additional cost.
Trading Impact: The bonus shares will be available for trading from January 6, 2026, which may impact stock price and liquidity due to increased share count.
Market Operations: The company’s commitment to specific timelines ensures smooth processing of the corporate action through the depository system, minimizing disruption to normal trading activities.
Impact Justification
Corporate action affecting existing shareholders with specific timelines for bonus share credit and trading commencement