“Standard Capital Markets Ltd and Franklin Industries Ltd Declare Special Dividends and Rights Issues for Shareholders”
Investors and shareholders in the stock market will have their eyes on Standard Capital Markets Ltd and Franklin Industries Ltd when trading resumes on May 13 (Monday). The two companies have announced special dividends and rights issues for their eligible shareholders, with the record date set for the same day.
Standard Capital Markets Ltd has declared a special dividend of ₹0.01 per equity share. The company’s Board of Directors approved the declaration, stating it as an interim dividend of 1% on the face value of ₹1 per equity share for the financial year 2023-24. The payment will be made within 30 days from the date of declaration, and shares of Standard Capital Markets Ltd will trade ex-dividend on Monday.
On the other hand, Franklin Industries Ltd has announced a rights issue of equity shares. The company’s Board of Directors approved the issue of fully paid-up equity shares of face value ₹1 each for eligible shareholders, with the total amount not exceeding Rs. 49,00,00,000. Franklin Industries is known for trading agricultural commodities such as wheat, rice, maize, and various fruits and vegetables.
Shares of Franklin Industries Ltd will trade ex-rights on Monday, giving investors the opportunity to participate in the rights issue. It is important for investors to consult with certified experts before making any investment decisions based on the recommendations provided by individual analysts or broking companies.
Overall, the announcements from Standard Capital Markets Ltd and Franklin Industries Ltd are expected to create excitement and interest among shareholders and investors in the stock market.
