Anand Rathi Wealth has announced that its Board of Directors will consider a proposal for the issuance of bonus shares at its upcoming meeting scheduled for Monday, January 13, 2025.“In furtherance to our intimation dated 1st January, 2025, regarding proposed Board Meeting scheduled to be held on Monday, i.e. 13th January, 2025, this is to inform you that the Board of Directors in its meeting inter-alia would also consider a proposal for Issuance of Bonus Shares to the shareholders of the Company,” said the company in a filing to the stock exchanges.This announcement follows the company's earlier notification regarding the board meeting, issued earlier this month.The company's board will discuss and consider the proposed bonus share issuance at the forthcoming meeting. The details of the bonus issue, such as the ratio of bonus shares to be issued, will be finalized and announced subsequently.The issuance of bonus shares is a corporate action where companies distribute additional shares to existing shareholders proportionately to their existing holdings, without any additional investment from the shareholders. This is often done to increase liquidity in the stock, reward shareholders, and improve affordability for retail investors.Also read: Avenue Supermarts Q3 preview: Revenue to surge 18% YoY on store additions. PAT may jump 14-17%Anand Rathi Wealth bonus issue historyIf the company’s board approves the bonus share issue, this will be the first-ever instance of Anand Rathi Wealth issuing bonus shares to its shareholders.Anand Rathi Wealth share price historyIn the last one year, the shares of Anand Rathi Wealth have increased by 49% and by 0.7% in the last 6 months. In the last 3 months, the stock witnessed gains of 2.25%, however, declined by 6.7% in the last one month.On Friday, the shares of Anand Rathi Wealth closed 5.2% higher at Rs 4,147 on the BSE.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)