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Larsen and Toubro
For Bonus issue refer the agenda for AGM
Posted by :
Leave it.Tracked by: 0 Boarder
Dear Friends,
I am presenting below the two notices related to the bonus and dividend along with the dates of book closure for AGM to decide the payment of dividend only.
1.Larsen & Toubro Limited has informed the Exchange that the Register of Members and the Share Transfer Books of the Company will be closed from August 22, 2008 to August 29, 2008 (both days inclusive), in order to determine the Members entitled to receive the Final Dividend of Rs. 15/- per share for the year ended March 31, 2008.
2.AGM of the Company is to be held on August 29, 2008---vide their notice to NSE dt.4-8-08
3.Larsen & Toubro Ltd (L&T) has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2008, inter alia, has decided to issue Bonus Shares in the ratio of 1:1 (1 share of Rs 2/- each to be issued for every 1 share of Rs 2/- each held) subject to the approval of the Shareholders.
vide their notice dt.29-05-08.
Are we to import the meaning that the shareholders consent will be got at AGM?
So the shareholders who get the balance sheets and notice for AGM next week should see whether the issue of bonus shares is included in the agenda, for getting shareholder's approval at the AGM. As I am away from India, I will not be getting axis for the notice to observe this and comment. Members are requested to check this particular point. If it is not included in the agenda for the AGM, the company will call for a separate extraordinary meeting to consider the bonus issue and to give their consent to the board.
V.Krishnamoorthy...
L&T--B.C., AGM, DIVIDEND and bonus
Posted by : Leave it.Tracked by: 0 Boarder
To magpatel
When the book is closed, there will be no entry for any transaction done and reported to the company. If done privately(off market transactions) and reported,it will be kept in abeyance and get entered after the books are repopened.
So no benefits will accrue or can be claimed by the buyer. Just before book closure period the exchange will also decare a date on which the shares will become exdividend and/or ex-rights/ex-bonus. On and after that date, you may obseve that the rates will become less and normally our finanacial dailies put rates added with words "exdiv"(XD) or "ex-bonus"(XB).
When you srtike a deal with your trading broker, you must ask him the date on which the dividend or rights or bonus is not eligible.You must take a note of that in a notebook, if you are a frequent trader.
You may observe that yesterday HDIL became ex-bonus and consequently, the rates were quoted on adjusted EX-Bonus basis. Hence the cum bonus rate was higher, and CMP on E.B rate was lower. Coupled with the general decline in the index, the fall was quoted in higher percentage terms. Some members pointed out to this fact for the attention of all,including me in particular. asthey have taken down the dates to their heart or in a note, they are able to report the correction immediately.
I am having a useless correspondence with the regulators that this data must be spelt (XD/XR/XB) clearly in the contract note it self by the trading broker. So whenever, I do business, I read the dates in the website, and also get them verified by the broker at the time of execution,take it for my record. You will get a clue in the rate transacted most of the time, unless there is steep fall in index.
Hope your have the reply for your Qn.
V.Krishnamoorthy...
In reply to:
L&T--B.C., AGM, DIVIDEND and bonus
Posted by :
magpatel
Mr. Krishnamoorthy, if someone buy the shares during book closure period, will he be eligible to receive the bonus shares and dividend ? 
L&T--B.C., AGM, DIVIDEND and bonus
Posted by : magpatelTracked by: 0 Boarder
Mr. Krishnamoorthy, if someone buy the shares during book closure period, will he be eligible to receive the bonus shares and dividend ? ...
In reply to:
L&T--B.C., AGM, DIVIDEND and bonus
Posted by : Leave it.
L & T has declared book closure for the AGM. The B.C is from 22-08-08 to 29-08-08. The AGM will take place on 29-08-08 and consider the proposals for the dividend of Rs.15 plus Rs.2.00(=Rs17/-) and the bonus issue. Once it is approved at the AGM, the company will arrage to pay the dividend only within 30 days.
Then they will propose a record date for the issue of bonus shares. All share holders having the shares in the books of the company or in their depository account as on that record date,will be issued bonus shares/demat account will be credited.
There will be notice to the exchange and 15 days time will be given. The exchange will also announce an ex-bonus date in their website.
As on date AGM is yet to take place and hence the company cannot assume itself that it has got the proposal passed and fix a date for bonus issue.If they desire, the dividend can be considered as interim and paid with a notice. Then no final dividend can be proposed. This has taken place, with Sundaram fastners and their group companies,to avoid delay. You may all remember that many companies resorted to this practice, when the dividend tax was proposed for the companies two years ago.
As on date there is no announcement made by the company for the bonus issue. Normally, the record date is announced on the following date to the AGM, after posting the notice to the listed stock exchanges.
v.krishnamoorthy
Buy L
Posted by : raj1965Tracked by: 0 Boarder
Good one! I like your sense of humor.
But this query is slightly better than people asking "I have X rupees and which share should I invest in and when to sell"
People need to use their own brain for the basic stuff but can consult on fundamental and technical points.
Raj...
In reply to:
Buy L
Posted by : panasonic
pata nahitha to liya kyon?
A view of the market dt.21-08-08
Posted by : Leave it.Tracked by: 0 Boarder
Sensex plunges by 435 pts on inflation worries
After posting a modest gain yesterday, the markets nosedived today with the benchmark Sensex dipping by over 430 points on heavy selling in interest-sensitive banking and reatly stocks.
Marketmen said selling trend returned ahead of the release of inflation data as investors anticipated the rate of price rise to go up further.
The market yesterday snapped five days of selling pressure to post a gain of over 100 points. The 30-share Sensex on the Bombay Stock Exchange settled the day at 14,243.73, a loss of 434.50 points, or 2.96 per cent, from its previous close.
The National Stock Exchange index Nifty also lost 131.90 points, or 2.99 per cent, to close at 4,283.85.
Market participants said investors adopted a cautious stance amid a possibility of further rise in inflation following approval to an average 21 per cent salary hike to the government employees.
A weakness in in Asian and European equity markets also impacted the trading sentiment in domestic bourses, they said. Asian indices fell sharply by about 0.77 per cent to 3.63 per cent while European markets were trading substantially lower in their morning session.
They said investors looked worried about the financial crisis across the world that could drag G-7 nations into a recession and have cascading impact on global markets. Inflation sensitive sectors such as realty and banking were the worst affected.
Realty shares such as HDIL tumbled by 24.96 per cent, Ind Bulls Real Estate by 7.36 per cent, DLF by 5.55 per cent, Unitech by 5.35 per cent, Sobha Developers by 5.20 per cent and Penland Ltd by 5.24 per cent.
It is feared that a slowdown in economy would result into lower demand for real estate, leaving the developes high and dry.(PTI)
...
L&T--B.C., AGM, DIVIDEND and bonus
Posted by : Leave it.Tracked by: 0 Boarder
L & T has declared book closure for the AGM. The B.C is from 22-08-08 to 29-08-08. The AGM will take place on 29-08-08 and consider the proposals for the dividend of Rs.15 plus Rs.2.00(=Rs17/-) and the bonus issue. Once it is approved at the AGM, the company will arrage to pay the dividend only within 30 days.
Then they will propose a record date for the issue of bonus shares. All share holders having the shares in the books of the company or in their depository account as on that record date,will be issued bonus shares/demat account will be credited.
There will be notice to the exchange and 15 days time will be given. The exchange will also announce an ex-bonus date in their website.
As on date AGM is yet to take place and hence the company cannot assume itself that it has got the proposal passed and fix a date for bonus issue.If they desire, the dividend can be considered as interim and paid with a notice. Then no final dividend can be proposed. This has taken place, with Sundaram fastners and their group companies,to avoid delay. You may all remember that many companies resorted to this practice, when the dividend tax was proposed for the companies two years ago.
As on date there is no announcement made by the company for the bonus issue. Normally, the record date is announced on the following date to the AGM, after posting the notice to the listed stock exchanges.
v.krishnamoorthy...
Record Date for Bonus
Posted by :
tungaTracked by: 0 Boarder
Hello mgbalu
How one can say when is the date for issue of bonus 1:1 unless it is announced.If the date is known there would have been lots of messages and the share price will be most active. Wait till 29th of this month there may be annoncements regarding date for Bonus....
In reply to:
Record Date for Bonus
Posted by : mgbalu
No body is sure about the bonus date.Each one responnds to his will and pleasure.Will Mr.Krishnamoorthy the learned analyser answer to it?
Record Date for Bonus
Posted by : panasonicTracked by: 0 Boarder
see you after 29 aug. AGM ...
In reply to:
Record Date for Bonus
Posted by : mgbalu
No body is sure about the bonus date.Each one responnds to his will and pleasure.Will Mr.Krishnamoorthy the learned analyser answer to it?
Buy L
Posted by : mrpbhattacharyaTracked by: 0 Boarder
what will be the date for bonus...
In reply to:
Buy L&T, HCC: A Dalal
Posted by : MMB Messenger
Amit Dalal of Amit Nalin Securities is of the view that one can buy Larsen and Toubro or Hindustan Construction and Simplex. They have enough work to do both in India and overseas to justify any kind of growth forecast that we may have for them for the next two years.
Buy L&T, HCC: A Dalal
Posted by : MMB MessengerTracked by: 0 Boarder
Amit Dalal of Amit Nalin Securities is of the view that one can buy Larsen and Toubro or Hindustan Construction and Simplex. They have enough work to do both in India and overseas to justify any kind of growth forecast that we may have for them for the next two years....
Record Date for Bonus
Posted by : mgbaluTracked by: 0 Boarder
No body is sure about the bonus date.Each one responnds to his will and pleasure.Will Mr.Krishnamoorthy the learned analyser answer to it?...
In reply to:
Record Date for Bonus
Posted by : panasonic
will be announced on 29th august agm. bonus date will be after 27th sept.
Nuk Deal & NSG Tension
Posted by : My MultibaggersTracked by: 0 Boarder
45 constituents of NSG will meet today to discuss agreement between India & US for nuclear energy pact. The “Non-Proliferation treaty” will not tolerate to exempt India & allow going ahead with Indo-US Nuclear Power Project.
New Zealand, Brazil, Switzerland, Germany & many other countries have already shown their inconvenience regarding this pact between India & US. US officials told to media that they are going to take every step to obtain green signal for this deal.
But days have changed now. If 45 countries conclude to not permit this deal & deny to exempt India on “Non-Proliferation treaty” basis then US can do nothing. India will continue to struggle with its Black-Out like situation for another 7 to 10 years.
Moral of the story: DELAY, DELAY AND DELAY
...
LT WILL ROCK
Posted by : amitg_74Tracked by: 0 Boarder
SHORT TERM TRADERS...BOOK PROFIT RS 2900 LEVELS NEXT WEEK
LONG TERM TRADERS..HOLD ON .U WILL SEE IT ARND 3500 TILL DIWALI...
Picks up Coal mines
Posted by : rvk41Tracked by: 0 Boarder
Engineering and construction giant Larsen & Toubro (L&T) is likely to acquire equity stake in coal mines in Australia and Indonesia, reports Business Line.
Picking up a stake in coal mines is part of L&T`s strategy to increase its focus on the power sector. Apart from tying up with Mitsubishi Heavy Industries for manufacturing super-critical boilers, turbines and generators, L&T also plans to set up power plants on its own, including bidding for ultra-mega power projects, or pick up equity stake in projects being set up by others.
For information,with regards
rvk41
...
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