Description

Pro Fin Capital Services Limited announces bonus issue of 29,62,97,163 equity shares with record date 02/01/2026, deemed allotment date 05/01/2026, and trading availability from 06/01/2026.

Summary

Pro Fin Capital Services Limited (ISIN: INE732K01027, Scrip Code: 511557) has issued an undertaking to BSE regarding its bonus issue as per SEBI Circular CIR/CFD/PoD/2024/122 dated 16-09-2024. The company will issue 29,62,97,163 bonus equity shares to existing shareholders as on the record date.

Key Points

  • Total bonus shares to be issued: 29,62,97,163 equity shares
  • ISIN: INE732K01027
  • Scrip Code: 511557
  • Distinctive Number Range: 29,62,97,164 to 59,25,94,326
  • Undertaking submitted under SEBI Circular CIR/CFD/PoD/2024/122 dated 16-09-2024
  • Bonus shares to be credited to depository system by 12:00 PM on deemed allotment date

Regulatory Changes

This circular is issued in compliance with SEBI Circular CIR/CFD/PoD/2024/122 dated 16-09-2024, which mandates specific timelines and procedures for bonus share issuance and crediting to depositories.

Compliance Requirements

  • Company must submit documents and ensure credit of bonus shares to depository system latest by 12:00 PM on T+1 (next working day)
  • Bonus shares must be available for trading from Beginning of Day (BOD) on T+2 (second working day)
  • Undertaking to be submitted to BSE confirming adherence to SEBI timeline requirements

Important Dates

  • Record Date: 02/01/2026 (Thursday) - Eligibility date for existing shareholders
  • Deemed Date of Allotment: 05/01/2026 (Sunday/T+1) - Next working day after record date
  • Credit to Depositories: By 12:00 PM on 05/01/2026
  • Effective Listing Date/Trading Availability: 06/01/2026 (Monday/T+2) - Bonus shares available for trading from BOD

Impact Assessment

Shareholder Impact: Existing shareholders as on record date 02/01/2026 will receive bonus shares, increasing their total shareholding without any additional payment. The bonus issue will effectively increase the total issued capital of the company.

Market Impact: The bonus issue will increase liquidity in the stock and may make shares more affordable to retail investors due to reduced per-share price post-bonus. Trading will commence on 06/01/2026, allowing immediate tradability of the bonus shares.

Operational Impact: The company is committed to completing the entire process within the SEBI-mandated T+2 timeline, ensuring efficient credit to demat accounts and quick availability for trading.

Impact Justification

Standard bonus issue corporate action affecting existing shareholders with specific timeline for allotment and trading