Record Date: The date on which an investor must be holding shares to be eligible for the bonus issue. Ex-Bonus Date: The date before the record date when the stock…

Shareholders who hold shares as of the record date announced by the company are eligible to receive bonus shares.

Companies issue bonus shares to: Reward existing shareholders. Enhance stock liquidity by increasing the number of shares in circulation. Make the share price more affordable for new investors. Utilize retained…