Dividend and Bonus BEPL 2023: Bhansali Engineering Polymers Ltd. Announces 100% Final Dividend, 1400% Special Dividend, and 2:1 Bonus Shares

Dividend and Bonus BEPL 2023: Bhansali Engineering Polymers Ltd. Announces 100% Final Dividend, 1400% Special Dividend, and 2:1 Bonus Shares: In a recent development, Bhansali Engineering Polymers Ltd. (BEPL), a leading small-cap Speciality Chemicals company, has recommended significant dividends and a bonus issue for its shareholders. The company specializes in the manufacturing and sale of Acrylonitrile Butadiene Styrene (ABS) and currently holds a market valuation of Rs 2,18,746.59 crore.

Dividends and Bonus Issue

As per the regulatory filing by the Board of Directors of Bhansali Engineering Polymers Ltd. (BEPL), the following recommendations have been made:

Final Dividend

The company recommends a Final Dividend of Re. 1 (100%) per Equity Share (of face value of Re. 1 each) for the financial year ended March 31, 2023. This proposal is subject to the approval of the shareholders of the Company in the ensuing 39th Annual General Meeting. The Final Dividend will be paid on or before June 30, 2023.

Special Dividend

In celebration of the Company's 40th year of business operations, Bhansali Engineering Polymers Ltd. has proposed a One-time Special Dividend of Rs. 14 (1400%) per Equity Share. Like the Final Dividend, this recommendation is also subject to the approval of the shareholders in the upcoming Annual General Meeting. The Special Dividend will be paid on or before June 30, 2023.

Bonus Issue

The Board of Directors has further recommended the issue of Bonus Shares in the ratio of 2:1. This means that for every 2 (Two) fully paid-up Equity Shares of Re. 1 each held by the Members of the Company, 1 (One) Bonus Equity Share of Re. 1 each will be issued. The exact date for the issuance of Bonus Shares, known as the Record Date, will be determined by the Board and is subject to the approval of the Members in the upcoming AGM.

Stock Movement

The stock of Bhansali Engineering Polymers experienced the following movements:

- Opening Price on Monday: Rs 130.05 apiece

- Current Trading Price: Rs 131.85 apiece

- Percentage Increase: 1.85% from the previous close

- 52-Week High: Rs 166.90 apiece on June 06, 2023

- 52-Week Low: Rs 87.05 apiece on March 28, 2023

- Performance in 1-Week: 0.73% surge

- Performance in 1-Month: 9.3% decline

- Performance in 3-Months: 41.48% robust return

- Performance in 1-Year: 26.78% positive return

- Performance in 3-Years: 185.42% return

- Performance in 5-Years: 9.86% decline

Disclaimer

It is important to note that Bhansali Engineering Polymers' recommendations regarding Final & Special Dividends and Bonus Issue are purely informational. This information should not be construed as investment advice. Greynium Information Technologies and the Author cannot be held liable for any losses incurred as a result of decisions made based on the content of this article. We advise users to consult certified experts before making any investment decisions.

FAQ

Q. What is the significance of the Final Dividend recommended by Bhansali Engineering Polymers Ltd.?

A- The Final Dividend recommended by Bhansali Engineering Polymers Ltd (BEPL) . is a distribution of profits to its shareholders for the financial year ended March 31, 2023. It reflects the company's commitment to providing returns to its investors based on their shareholding.

Q. Why has Bhansali Engineering Polymers Ltd. proposed a Special Dividend?

Answer: Bhansali Engineering Polymers Ltd (BEPL). has proposed a Special Dividend to commemorate its 40th year of business operations. This one-time dividend is an additional payout to the shareholders and demonstrates the company's gratitude for their support over the years.

Q. What are Bonus Shares, and why is BEPL. issuing them?

A: Bonus Shares are additional shares issued by a company to its existing shareholders at no cost. Bhansali Engineering Polymers Ltd (BEPL). has recommended a Bonus Issue in the ratio of 2:1, which means that shareholders will receive one Bonus Equity Share for every two fully paid-up Equity Shares they hold. This move aims to reward the shareholders and enhance their ownership in the company.

Q. When will the Dividends and Bonus Shares be paid to the shareholders?

The Final Dividend and Special Dividend recommended by Bhansali Engineering Polymers Ltd (BEPL). will be paid on or before June 30, 2023, subject to the approval of the shareholders in the upcoming Annual General Meeting. The issuance of Bonus Shares will be determined based on the Record Date set by the Board and subject to the approval of the Members in the AGM.
How has the stock of Bhansali Engineering Polymers performed in recent times?

Q. How has the stock of Bhansali Engineering Polymers performed in recent times?

Answer: Bhansali Engineering Polymers' stock has witnessed various movements in recent periods. While it opened at Rs 130.05 apiece on Monday, it is currently trading at Rs 131.85 apiece, reflecting a 1.85% increase from the previous close. The stock has reached its 52-week high at Rs 166.90 apiece on June 06, 2023, and its 52-week low at Rs 87.05 apiece on March 28, 2023. The performance of the stock varies over different time frames, indicating fluctuations in investor sentiment.

Q. Should I consider investing in Bhansali Engineering Polymers based on these recommendations?

Answer: It is essential to note that the information provided in this article is purely informational and should not be considered as investment advice. It is always advisable to consult certified financial experts or advisors before making any investment decisions. They can assess your financial goals, risk tolerance, and market conditions to provide personalized recommendations.
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