Bonus shares of IT Stock issue record date this week. details here

Last week, the company informed in a BSE filing that “The company has revised and fixed the record date as Saturday, September 10, 2022, for the purpose of ascertaining the eligibility of shareholders for issue of bonus equity shares of the company. a new fully paid-up equity share of 1/- for every three fully paid-up existing equity shares 1/- each held, subject to the approval of the members, which is being received through postal ballot through remote e-voting.”

While announcing its Q1FY23 earnings, Sonata Software had informed that the Board has considered, approved and recommended a bonus issue in the ratio of 1:3 for every 3 (three) equity shares held by the shareholders. 1 (a) of equity shares. Company as on record date.

The company added that bonus share shall, once allotted, rank equally in all respects and have the same rights as the existing equity shares and shall be entitled to participate fully in any dividend and other corporate action recommended and declared after the allotment of new equity shares. Bonus shares are fully paid-up additional shares issued by a company to its existing shareholders.

Sonata Software Limited is a global technology company and service provider in Business Intelligence & Analytics, Application Development Management, Mobility, Cloud, Social Media, Enterprise Services, Infrastructure Management Services etc.

The company posted a net profit of 107.7 crore for the first quarter ended June 30, 2022 100.9 crore in the previous quarter (QoQ). Whereas, it reported total income of 1,797 crore during the period of three months from 1,508.6 crore quarter-on-quarter (QoQ).

Shares of Sonata Software have fallen more than 15% in a one-year period while IT Stock So far in 2022 (YTD), the benchmark is down about 17% as compared to a 0.2% fall in the BSE Sensex during this period.

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