Easy Trip Planners Ltd. announced that Thursday, November 28, 2024, will be the record date for determining shareholders eligible for the issuance of 1:1 bonus shares.

The company in a filing to the stock exchanges said that it has received shareholders’ approval for for the issue of bonus shares.

“This is with reference to our previous communications dated October 14, 2024, and November 15, 2024, wherein we had informed about the recommendation of the Board of Directors and the subsequent approval by the shareholders for the issue of bonus shares in the ratio of 1:1,” it said.

Earlier on October, Easy Trip Planners had announced a bonus issue in the ratio of 1:1. This means that the company will issue one free share for every one share held by shareholders as of the record date.
According to data available on the BSE, this will be the third instance of the company issuing bonus shares to its shareholders.

It had earlier issued bonus shares in the ratio of 3:1, meaning three free shares for every one held in November 2022. Easy Trip Planners has also issued bonus shares in the ratio of 1:1 in March 2022.

The companies issue bonus shares to capitalise on their free reserves, increase their Earnings Per Share (EPS) and paid-up capital, along with reducing the reserves. Shareholders are issued these shares at no additional cost and hence are also known as free shares.

Only those investors will be eligible for bonus shares who will buy the stock before the ex-date. If an investor purchases the shares on the ex-date or after that, they will not be eligible to get bonus shares.

Promoters of Easy Trip Planners currently hold 64.30% stake in the company at the end of the June quarter.

Shares of Easy Trip Planners Ltd. are currently trading 2.03% lower at ₹29.49. The stock has declined up to 30% so far in 2024.