4;1 Bonus Shares: August 10 - Record Date; Keep Stop-Loss At Rs. 24 For Target?

As a result of meeting commodity needs in India, the Middle East, South and Southeast Asia, the Far East, Australia, Europe, and Africa, Sakuma Exports Ltd (SEL) has carved out a place for itself throughout time. SEL is a well-known buyer, processor, marketer, exporter, and importer of bulk agricultural commodities, including cotton, sugar, pulses, edible oils, oil seeds, and other speciality crops. SEL provides novel financial structured products that are associated with tangible commodities.

Sakuma Exports Record Date For Bonus Shares

"This is with reference to our letter dated Monday, July 1, 2024 with respect to recommendation made by the Board of Directors of the Company for issue of bonus shares to the shareholders in the ratio of 4: 1 i.e., 4 (Four) new fully paidup Equity Shares of Re.1/- (Rupee One only) each for every 1 (One) existing fully paid-up Equity Share of Re.1/- (Rupee One only) each. subject to the approval of the shareholders of the Company. Further, the shareholders of the Company have approved the aforesaid issue of bonus shares by passing a Ordinary Resolution in the Extra-Ordinary General Meeting held on Wednesday, July 31, 2024. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Saturday, August 10, 2024 as the record date for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares by the Company," said the company in a stock exchange filing.

Sakuma Exports Important Note For Physical Shareholders Regarding Bonus Shares

"Pursuant to SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2023 effective from May 23, 2023, the allotment of shares in bonus issue shall be made only in dematerialized form and thus, all the eligible Members of the Company holding Equity Shares in physical mode are hereby advised to dematerialize their physical share certificates by contacting their respective Depository Participant (DP) on or before the Record Date for receipt of Bonus Equity Shares in their respective beneficiary accounts. In case, shares of the Company are held in physical form as on the Record Date, the Bonus Equity Shares so entitled, shall be transferred to the Suspense Escrow Account opened by the Company in this regard," the company informed stock exchanges.

Sakuma Exports Share Price Target

"Traders and investors can explore Sakuma Exports Ltd. by entering the suggested buying range of Rs. 27-30. They can hold this stock for a period of 2-5 weeks for a desired target range of Rs. 35-45. However, to limit exposure, it is important that market participants set their stop loss at Rs. 24 when trading in this particular stock," recommended V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

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