2 Penny Stocks Fix Record Date For 1:5 & 1:3 Bonus Shares; Do You Own Any?

The two micro-cap firms that are listed on the BSE are Classic Electricals Ltd and Shikhar Leasing & Trading Ltd. Classic Electricals' last trading share price on the BSE was Rs 15.50 per share, with a market capitalisation of Rs 2.30 Cr, whereas Shikhar Leasing & Trading's last trade price was Rs 3.15, with a market capitalisation of Rs 0.32 Cr. To ascertain the shareholders' eligibility, bonus equity shares for both of these stocks have declared record dates.

Classic Electricals Bonus Shares

For the purpose of 1:5 bonus issue of 5 new fully paid-up equity share of Rs 10/- each for every 1 existing fully paid-up equity share of Rs. 10/- each held by them, the company's Board of Directors y has fixed Friday, 4th October 2024 as the record date.

About Classic Electricals

Retail sales of electrical products are the focus of Classic Electricals' operations. Mumbai is home to Classic Electricals Limited's main headquarters, which was founded and incorporated in 1985. In addition to manufacturing switch plates and switch boxes made of polystyrene, polypropylene, polycarbonate, ABS nylon, and plastic, the company also engages in the production, importation, exportation, and trading of various electrical goods, accessories, electrical wiring accessories, instruments, appliances, and apparatus of all kinds and descriptions, including switches, sockets, plugs, lighting, fittings, fixtures, chokes, starters, conductors, jacks, and adaptors, as well as bells, buzzers, fuse, switch-gears, switch-boards, motors, heaters, capacitors, and motor starters of all kinds and descriptions, including component parts, material, and accessory thereof.

Shikhar Leasing & Trading Bonus Shares

For the purpose of 1:3 bonus issue of 3 new fully paid-up equity shares of Rs 10/- each for every 1 existing fully paid-up equity share of Rs. 10/- each held by the shareholders, the Board of Directors of the company has fixed 4th October, 2024 as the record date.

About Shikhar Leasing & Trading

The company is engaged in the trading, dealing, wholesaling, and retailing of yarns and fabrics made of wool, cotton, jute, silk, rayon, nylon, terylene, and other natural, synthetic, and/or fibrous substances. It may do this on its own behalf or through dealers of furnishing fabrics in all of its branches, or it may process natural starch and other sizing materials, dye-stuff synthetic or chemical substances, of all kinds of and compounds and other substances, either basic, intermediate, or other substances, including all types of paper, electrical fittings, fixtures, and electronic goods, as well as trading in the business related to finance, investment, and trade, as well as the hiring, selling, and financing of various types of leasing operations, plant and machinery purchases, rentals, and equipment rentals.