Bharat Electronics bonus shares: Board meeting to consider proposal on this date; stock to turn ex-dividend on August 8

BEL dividend date 2022: Bharat Electronics Limited (BEL), an Indian government-owned aerospace and defence electronics company, will take up the proposal of issuing bonus shares to its shareholders on Thursday, August 4, the company said in a regulatory filing on Monday.  

"We wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 4th August, 2022 inter alia to consider a proposal for issue of Bonus Shares to the equity shareholders of the company," read a BSE filing by the BEL.  

Also, BEL stock will turn ex-dividend next week on Monday, August 8. The record date to ascertain eligible shareholders has been fixed as August 11. The Board of Directors of the PSU had announced a dividend of Rs 1.5 per share.  

Earlier, on July 21, Navratna Defence PSU Bharat Electronics Limited (BEL) had signed a contract with the Ministry of Defence, Government of India, worth around Rs. 250 crore, towards supply of nine Integrated ASW Complex (IAC) MOD 'C' Systems. IAC MOD 'C' is an Integrated Anti-Submarine Warfare (ASW) system for all surface ships of the Indian Navy. 

IAC MOD "C" computes Fire Control Solutions and facilitates firing of ASW weapons such as Torpedoes and Rockets. The fire control system can be customised to meet the requirements of any platform of interest -from small ships to large ships configuration. In addition, the system facilitates counter measure capability for incoming torpedoes through decoy launching system. 

IAC MOD 'C' has been indigenously developed by BEL in association with DRDO, in accordance with the Hon'ble Prime Minister, Shri Narendra Modi's vision of an ,Atmanirbhar Bharat' , a selfreliant nation. 

A government undertaking, BEL is a multi-product, multi-technology, multi-unit conglomerate offering products and systems in the areas of Military Communications, Radars, Missile Systems, Naval Systems, Electronic Warfare & Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun / Weapon System Upgrades and Electronic Fuses in the Defence segment.  

BEL's non-defence business segment includes areas such as EVMs, Homeland Security & Smart Cities, Solar, Satellite Integration & Space Electronics, Railways, Artificial Intelligence, Cyber Security, Software as a Service, Energy Storage products and Composite Shelters & Masts.

Shares of Bel ended marginally lower by 0.30% to Rs 281.90  per share on the BSE on Tuesday.