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Two small cap companies Advani Hotels & Resorts (India) Ltd, and Sarthak Metals Ltd, which declared interim dividend in December, have set their record dates to determine eligibility of members for interim dividend.

All shareholders whose names appear in the company's shareholder records as on the record date will receive the dividend.

Dividend payments to shareholders on a recurring basis are known as interim dividends. Interim dividends typically aren't as large as dividend payments made after the end of financial year. Generally, when quarterly earnings results are reported, these payments are announced.

Advani Hotels & Resorts (India) Ltd, which operates its business through its Caravela Beach Resort situated in South Goa, has fixed Thursday, December 29, as the record date for the purpose of ascertaining the eligibility of shareholders for the payment of interim dividend.

According to an exchange filing, the company has declared interim dividend at 100 percent, which is ₹ 2 per equity share of face value of ₹ 2 each.

"The interim dividend will be paid or dispatched on or before Sunday, January 15, 2023," said the company in its exchange filing.

According to trendlyne data, the company has declared 22 dividends since May 5, 2006.

In the past 12 months, Advani Hotels & Resorts (India) Ltd has declared an equity dividend amounting to ₹ 1.40 per share.

The ex-dividend date of this stock too is similar to its record date.

Sarthak Metals Ltd, engaged in manufacturing of variety of cored wires, aluminum flipping coils, and wire feeder machines, has fixed Friday, December 30, as the record date to determine the list of eligible members for the payment of interim dividend.

According to an exchange filing of the company, the board of directors has considered and declared the interim dividend at Re 1 (10 percent) per equity share bearing face value of ₹ 10 each. The interim dividend will be paid on or before January 19, 2023.

The ex-dividend date of this stock too is similar to its record date.

As per trendlyne data, the company has declared 7 dividends since July 21, 2017. In the past 12 months, Sarthak Metals has declared an equity dividend amounting to ₹ 2 per share.

Small-cap companies Advait Infratech Ltd, and Naysaa Securities Ltd, which recommended bonus issue of equity shares recently, have set their record dates this week.

Bonus shares are additional shares that a company grants to its existing shareholders. The basic tenet of bonus shares is that they increase the number of shares issued while maintaining a fixed ratio of shares held to shares outstanding.

So, 1:1 ratio means a shareholder will receive one share for every share she/he currently owns.

Advait Infratech Ltd, involved in the business of providing products and solutions for power transmission, power substation & telecommunication infrastructure, has set Wednesday, December 28, as the record date, as per trendlyne data.

On the record date, the company will decide eligibility of shareholders to issue the bonus shares in the ratio 1:1, which means one bonus share for every one fully paid-up equity share of ₹ 10 held by the member. The company's ex-bonus date is similar to its record date.

Naysaa Securities Ltd, which offers securities brokerage services, has fixed Saturday, December 31, as the record date for the purpose of deciding the members who shall be eligible for the allotment of the bonus shares.

According to company's exchange filing, bonus shares are approved in the proportion of 15 bonus equity shares of ₹ 10 each, for every 10 fully paid-up equity shares of ₹ 10 each.

The company's ex-bonus date is on Friday, December 30.

Small-cap company Filatex India Ltd, engaged in the manufacturing and trading of synthetic yarn and textiles, has set Wednesday, December 28, as the record date for stock split.

According to an exchange filing, the company on the record date will determine the shareholders entitled for sub-division of equity shares of the company from the face value of ₹ 2 per equity share to Re 1 per equity share.

As per trendlyne data, the company has split the face value twice since June 27, 2018. Filatex India had last split the face value of its shares from ₹ 2 to Re 1 in 2016.

A stock split occurs when a company issues extra shares to its existing shareholders while reducing the face value of each share by a predetermined ratio. For instance, if the ratio is 1:5, then the shareholder will receive 5 shares for every share they own.