Two microcap stocks, including Maestros Electronics and Arihant Academy, are set to turn ex-record date on Thursday for their respective 1:1 bonus issues, effectively making today the last day for interested investors to buy shares of the companies to be eligible to receive the bonus shares under the corporate action.
Only those shareholders who hold the shares of these companies in their demat accounts as of Thursday will be eligible to receive the bonus shares. Due to SEBI's T+1 settlement norm, investors must purchase the company's shares at least one trading day before the record date so they are credited to their demat accounts by that date and qualify for the corporate action. This effectively makes today the final day for investors to buy the shares to be eligible for the bonus issue.
