Upcoming dividends, stock splits, bonuses this week: Modison, Bharat Rasayan, among others in focus

From dividends and stock splits to bonuses, as many as seven corporate actions are expected to take place this week, according to the NSE website.

Companies that will trade ex-date for various corporate actions next week include Sikko Industries, Modison Limited, Steel City Securities, Bharat Rasayan, Mrs Bector's Food Specialities, Nureca Limited and VLS Finance.

Shares of electrical equipment firm Modison Limited will trade ex-dividend on Monday, December 8. The company had announced an interim dividend of ₹2.5 per share with the record date for the same on December 8.

Further, the record date for Sikko Industries’ bonus issue in the proportion of 1:1 is December 8. The company had approved a stock split of its equity shares from a face value of ₹10 each to ₹1 each, resulting in every 1 existing share being split into 10 shares.

In October this year, Bharat Rasayan’s board had approved the subdivision of its equity shares and the issue of bonus shares in a 1:1 ratio to eligible shareholders.

In a regulatory filing, the Indian agrochemical firm had said that its board has approved the subdivision of the existing 4,155,268 equity shares of face value of ₹10 each, fully paid-up, to 8,310,536 shares of the face value of ₹5 each, fully paid-up.

Accordingly, the board approved a consequential amendment to the company's capital clause in the Memorandum of Association.

The subdivision of shares is meant to boost the liquidity of its scrips, expand the shareholders' base, and make the shares more affordable to small investors, the company said.

Furthermore, its board of directors also considered and recommended the issuance of bonus equity shares in a 1:1 ratio, which means for every one share of ₹5 that an investor holds, they will receive an additional share of ₹5.

The bonus shares will be issued out of the free reserves and capital redemption reserve of the company available as of March 31, 2025, it added.