Bonus shares alert: Shares of Titan Biotech Limited will remain in focus next week due to their upcoming bonus issue record date. The specialty chemicals stock has announced issuance of bonus shares in the ratio of 1:4. The corporate action has come months after the firm executed a stock split.
Titan Biotech share price ended 1.5% higher after seeing 3.64% return over the week. Here are all the details about the corporate action announced by the company.
The board of directors of Titan Biotech had considered and approved a bonus issue in the ratio of 1:4. Which means that every eligible investor will receive one fully paid up equity share (of face value ₹2) for every four existing shares held by them.
Titan Biotech’s board of directors has fixed Friday, October 23, as the record date to determine the eligibility of shareholders for the payout.
“We hereby inform you that the Board of Directors has fixed the “Record Date” as Friday, October 23, 2026 (T Day) for the purpose of ascertaining the eligibility of shareholders entitled for allotment of Bonus Equity Shares.”