Mayukh Dealtrade Ltd, a penny stock priced under ₹3, has announced a bonus issue to reward its shareholders and improve stock liquidity. The company plans to issue bonus shares in a 3:5 ratio, meaning shareholders will receive three additional shares for every five shares they hold.
Key Details of the Bonus Issue
Bonus Ratio: 3:5
Shareholders will receive three bonus shares for every five shares held, with a face value of ₹1 per share.
Record Date:
The record date to determine eligible shareholders for the bonus shares is Friday, January 17, 2025.
Objective:
- Reward existing shareholders.
- Enhance stock liquidity in the market.
Capital Increase:
The bonus issue will raise the company’s equity share capital from ₹12 crore to ₹19.2 crore by capitalizing its Securities Premium Account.
Recent Corporate Actions
Stock Split:
- In October 2024, the company reduced its share face value from ₹5 to ₹1 in a 5:1 ratio.
- Earlier, it had split shares from ₹10 to ₹5 in a 2:1 ratio.
Company Background
Established in 1980, Mayukh Dealtrade Ltd (Sattva Sukun Lifecare) operates in portfolio management and aroma product manufacturing. The company produces various aroma-related products, including aroma burners and camphor sticks.
Notable Milestones:
- In July 2021, the company launched the Brilliance with Timer Aroma Burner, expanding its product line.
- It acquired a 60% stake in Mayukh Medi Care Private Limited, diversifying into medical and general store sectors.
- Recently, the company secured a significant order from Mangalam Brands Pvt Ltd for 10,000 units of its Mayukh Electric Kapoor Dani (Wooden), highlighting growing demand for its products.
Market Implications
This bonus issue reflects Mayukh Dealtrade’s strategy to attract more investors by making its stock more affordable and liquid. With a history of shareholder-friendly actions, such as stock splits and strategic acquisitions, the company is building a reputation for creating value for its investors.
Shareholders holding shares as of January 17, 2025, will benefit from this corporate action. As Mayukh Dealtrade continues to innovate and make strategic decisions, this bonus issue reinforces its commitment to enhancing shareholder value.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.
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