Pradhin Limited Bonus Issue With Stock Split: Pradhin Limited has announced a strategic initiative involving both a stock split and a bonus share issuance, with a record date set for March 7, 2025.
Stock Split Details:
- Ratio: 1:10
- Current Face Value: ₹10 per share
- New Face Value: ₹1 per share
This means that each existing equity share of ₹10 will be subdivided into ten equity shares of ₹1 each. The primary objective of this stock split is to enhance the liquidity and affordability of Pradhin’s shares, making them more accessible to a broader spectrum of investors.
Pradhin Limited Bonus Issue With Stock Split : Bonus Issue deatils are given below:
Bonus Share Issuance Details:
- Ratio: 2:1
- Implication: Shareholders will receive two additional shares for every one share they hold post-stock split.
This bonus issue aims to reward existing shareholders and increase the total number of shares, thereby potentially enhancing market participation.
Record Date:
The company has designated Friday, March 7, 2025, as the record date to determine shareholder eligibility for both the stock split and the bonus share issuance. Shareholders registered in the company’s books as of this date will be entitled to the benefits of these corporate actions.
These decisions were ratified following shareholder approval obtained through a postal ballot on February 21, 2025. The company anticipates that these measures will bolster share liquidity, make the stock more attractive to potential investors, and reward existing shareholders.
As of the latest trading session, Pradhin Limited’s shares closed at ₹16.99, reflecting a 4.94% increase from the previous close. The company’s market capitalization stands at ₹57.47 crore. Over the past year, the stock has experienced a decline of approximately 63%, with a 52-week high of ₹53.27 on August 29, 2024, and a 52-week low of ₹15.43 on February 20, 2025.
Investors are advised to consider these developments in the context of their investment strategies and consult with financial advisors to understand the potential implications of these corporate actions on their portfolios.
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