Corporate Action By Penny Stock Under Rs 2! Board Announces 10:32 Bonus Shares; Trade Setup Here

Harshil Agrotech Ltd, a micro-cap company in the capital goods sector, has announced that the Board of Directors at its meeting held on Friday, September 05, 2025 approved and recommended the issue of bonus equity shares in the ratio of 10:32 i.e.10 bonus equity shares of Re. 1/- for will be given to eligible shareholders for every 32 fully paid-up equity shares of Re. 1/- each held as on the record date.

The record date for reckoning eligible shareholders entitled to receive bonus shares will be announced in due course of time.

"This bonus allotment will rationalize the paid-up capital of the company with the funds employed in the company. The fully paid-up Bonus Shares shall be distributed to the Members of your Company, whose names appear on the Register of Members maintained by the Company/ List of Beneficial Owners as received from the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) on the Record Date as determined by the Board of Directors of the Company," said Harshil Agrotech in a stock exchange filing.

Harshil Agrotech has announced a bonus issue that will increase its paid-up equity share capital from Rs. 71,12,00,000, consisting of 71,12,00,000 equity shares of Re. 1 each, to Rs. 93,34,50,000, consisting of 93,34,50,000 equity shares of Re. 1 each. Rs. 22,22,50,000 would be taken out of the Securities Premium Account to execute the bonus issue. The audited financial results for the year ending March 31, 2025, show that the company has free reserves and securities premium of Rs. 43,97,10,639 as of that date.

The company has further announced that its 52nd Annual General Meeting will be held on Sunday, September 28, 2025. Beginning at 9:00 AM on Thursday, September 25, 2025, and ending at 5:00 PM on Saturday, September 27, 2025, is the e-voting period. Members of the company who own shares in dematerialized form as of Sunday, September 21, 2025 (the e-voting cut-off date) may use remote e-voting to cast their ballots during this time.

Harshil Agrotech Target Price

"Harshil Agrotech stock price is bearish on the Daily charts with strong resistance at 1.37. A daily close below support of 1.26 could lead to a target of 1.15 in the near term," commented A R Ramachandran, independent research analyst.

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