CDSL Bonus Share Record Date 2024, 1:1 Bonus Share Issue Announced with Record Date Set for August 24, 2024
CDSL Bonus Share Record Date 2024 is August 24, 2024, marking the Central Depository Services Bonus Share Record Date for issuing one new share for every existing share held.
by P Nandhini
Updated Aug 14, 2024
Table of Content
CDSL Bonus Share Record Date 2024
CDSL has set August 24, 2024, as the record date for its upcoming bonus share issuance. Shareholders on record as of this date will receive one new fully paid-up equity share for every existing share held, subject to approval at the 26th Annual General Meeting on August 17, 2024.
This is CDSL's first bonus share issue, reflecting the company's strong performance and substantial reserves. The move comes after a period of impressive growth, including a significant rise in net profit and the milestone of over 12.5 crore demat accounts.
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CDSL Bonus Share Issue
Central Depository Services (India) Ltd. (CDSL) has announced a bonus share issue with a record date set for August 24, 2024. Shareholders will receive one new fully paid-up equity share for every existing share held. This table provides details about the bonus share issue:
| Detail | Information |
|---|---|
| Record Date | August 24, 2024 |
| Bonus Share Ratio | 1:1 (One new share for every existing share held) |
| New Share Value | ₹10 each |
| Existing Share Value | ₹10 each |
| Approval Needed | Subject to approval at the 26th Annual General Meeting on August 17, 2024 and other regulatory requirements |
| Announcement Date | August 10, 2024 |
| Previous Stock Price Trend | Shares recently hit a new 52-week high of ₹2,594.85 before settling at ₹2,566.15 |
CDSL Financial Performance
CDSL's financial performance has shown significant growth recently. The company reported a strong increase in net profit for the April-June quarter of fiscal 2024-25. Below is a summary of their financial performance:
| Metric | Q1 FY 2024-25 |
|---|---|
| Net Profit | ₹134 crore |
| New Demat Accounts | 99 lakhs |
| Total Demat Accounts | 12.5+ crore |
About CDSL
CDSL is a major financial company in India that helps manage and store securities electronically. Founded in 1999, CDSL is the largest depository in the country by the number of demat accounts it holds.
It provides services like the dematerialization of securities, which means converting physical shares into digital form and handling the transfer and settlement of these securities.
With a strong network of over 580 participants, CDSL plays a crucial role in India's financial markets by making it easier for people to buy, sell, and keep track of their investments securely.
CDSL Bonus Share Record Date 2024 - FAQs
1. What is the record date for CDSL’s bonus share issuance?
The record date for CDSL's bonus share issuance is August 24, 2024.
2. How many bonus shares will CDSL issue?
CDSL will issue one new fully paid-up equity share for every existing share held.
3. What is the ratio of the bonus shares being issued by CDSL?
The bonus share ratio is 1:1.
4. When will the bonus shares be officially issued by CDSL?
The bonus shares will be issued following the record date of August 24, 2024.
5. What is the value of each new bonus share from CDSL?
Each new bonus share will have a value of ₹10.
6. What recent financial performance did CDSL report for Q1 FY 2024-25?
CDSL reported a net profit of ₹134 crore and opened 99 lakhs new demat accounts.
7. When will CDSL’s 26th Annual General Meeting take place?
The 26th Annual General Meeting of CDSL will take place on August 17, 2024.
8. How many total demat accounts does CDSL have as of the latest report?
CDSL has over 12.5 crore demat accounts.