1:50 Bonus Issue: Penny Stock Priced Under Rs 2 Sets Record Date

Penny stock M Lakhamsi Industries Ltd on Wednesday fixed January 6, 2024 as record date for 1:50 bonus share. It implies shareholders will be eligible to receive 1 bonus share for every 50 shares held on January 6, 2024.

Last trading price of M Lakhamsi share on BSE is Rs 1.13 apiece with intraday gain of 4.63%. M Lakhamsi shares rallied 24% in last 1-month and soared 22% in last 6-months. Check details below:

M Lakhamsi Sets Record Date For Bonus Share: As per the BSE filing of the company dated today, "Board of Directors of the Company, notice is hereby given that the Company has fixed Saturday, 06th January, 2024 as the "Record Date" for the purpose of determining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the ratio of 1:50 i.e. 1 (One) New Fully Paid Bonus Equity Share for every 50 (Fifty) existing fully paid Equity Shares of Rs 10/- each to public shareholders except promoter and promoter group in order to achieve the requirement of Minimum Public Shareholding (MPS) mandated under rules 19(2)(b) and 19A of the SCRR read with regulation 38 of the LODR Regulations as on the above mentioned record date."

M Lakhamsi Stock Performance & Return: Last trading price of M Lakhamsi stock on BSE is Rs 1.13 apiece. Its 52-week high price is Rs 1.13 apiece and 52-week low price is Rs 0.87 apiece, respectively. The company has a market capitalisation of Rs 0.67 crore. M Lakhamsi shares rallied 4.63% in last 1-week, gained 14% in last 2-weeks, and soared 22% in last 6-months.

M Lakhamsi About: It is the manufacturer exporters of various grades of peanuts and peanut oil, sesame seeds and sesame oil, castor oil, grains, pulses, spices, gums and general merchandise. It also importers of these items for India as well as other destinations, according to its LinkedIn page.

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