1:1 Bonus Shares Ratio: 29th November Record Date; Get 1 Piece Free On Every Existing Share?

The world's largest mass manufacturer of ramming is Raghav Productivity Enhancers Limited (RPEL). With a production capacity of over 180,000 TPA and its headquarters in Jaipur, Rajasthan, RPEL was founded in 2009 as Raghav Ramming Mass Private Limited. Its clients include several well-known local and international steel makers and foundries. The company is the largest manufacturer of silica ramming mass in the world.

Raghav Productivity Enhancers Bonus Shares Record Date

"This is in furtherance to our earlier letter (Outcome of Board meeting) dated 18th October, 2024. For taking note of Compliance of SEBI Circular CIR/CFD/PoD/2024/122 dated 16th September, 2024, Company need to revise the proposed record date for the purpose of Bonus issue In accordance with the provisions of the Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), we hereby inform you that subject to approval of shareholders for issuance of Bonus Shares, the Company has revised the Record Date and fixed Friday, 29th November, 2024 as the revised „Record Date' for the purpose of ascertaining the eligibility of shareholder for issue of Bonus shares in the ratio 1:1 [i.e. 1(One) Bonus Equity share of Rs. 10/- each for every 1(One) existing fully paid up equity shares of Rs. 10/- each]," said the company in a stock exchange filing.

Undertaking for Issue of Bonus Share By Raghav Productivity Enhancers

"I Neha Rathi, Company Secretary & Compliance officer of Raghav Productivity Enhancers Limited hereby certify that we will file shareholder approval on 21st November, 2024 for issue of Bonus Shares and deemed date of allotment for the same will be on Saturday, 30th November, 2024 with effective date of listing on 2nd December, 2024 Further, 22952600 (Two crore twenty nine lakh fifty two thousand six hundred) Bonus Shares with Distinctive no.[22952601-45905200] will be credited in the Depository system on 2nd December, 2024 by 12:00 P.M. and also ensure that the same will be available for trading on beginning of the day of 3rd December, 2024," said Raghav Productivity Enhancers in a regulatory filing.

Raghav Productivity Enhancers Financials

Raghav Productivity Enhancers' net profit improved 37.80% to Rs 8.75 crore in the September 2024 quarter from Rs 6.35 crore in the September 2023 quarter. In the quarter that ended in September 2024, sales climbed 51.32% to Rs 49.12 crore, up from Rs 32.46 crore in the quarter that ended in September 2023.

Raghav Productivity Enhancers Share Price Target

"Raghav Productivity stock price is overbought yet bullish on the Daily charts with the next resistance at 1758. Investors should be booking profits at current levels as a Daily close below support of 1478 could lead to a target of 1271 in the near term," said A R Ramachandran, Independent Research Analyst.

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