Penny Stock Trading Below Rs 1 To Mull 10:1 Bonus Shares, Board Meeting On 7th Sept

The board of directors of Pradhin Ltd., a company that operates in the diverse industries of steel, agriculture, and dairy products, declared that it will convene on September 7, 2025, to consider the proposal for a bonus issue of equity shares. The strategic growth of the firm into the steel and raw materials trading area will also be discussed by the board.

"The Board shall discuss and consider the proposal for a bonus issue of equity shares in the ratio of up to 10:1 (i.e., 10 bonus shares for every 1 fully paid-up equity share held), subject to necessary statutory approvals and shareholder consent The proposed bonus issue is aligned with the Company's broader objective of enhancing shareholder value, rewarding long-term investors, and improving liquidity in the Company's stock," said Pradhin in a stock exchange filing.

"In view of ongoing global trade realignments, particularly the post-geopolitical shifts in US-Asia and BRICS+ corridors, and India's rising influence in global steel exports, the Board will evaluate and consider a proposal to diversify and expand into the trading and export of steel and steel-related raw materials. This initiative is intended to leverage the Company's evolving logistics and commercial capabilities, while aligning with national objectives under "Make in India" and India's growing leadership in manufacturing and commodity exports. The proposed vertical is expected to tap into new revenue streams and global supply chain opportunities, potentially increasing the Company's top-line strength and export orientation," Pradhin also informed stock exchanges regarding its strategic expansion into the steel and raw materials trading segment.

The allocation of 67.65 crore fully paid bonus equity shares of Rs. 1 each in a 2:1 ratio to shareholders as of the record date of March 7, 2025, was previously authorized by the corporate board on March 10, 2025. A stock split was also announced, splitting a single equity share with a face value of Rs. 10 into ten fully paid equity shares with a face value of Rs. 1.

Pradhin Limited is a newly formed public corporation that was founded in 1982 and focuses on the agriculture industry and steel raw materials. The firm provides a range of services, including research and development, tailored resources, sustainable agriculture solutions, and steel raw materials.

With a market value of Rs 40 Cr, Pradhin's shares were trading at Rs 0.39 a share on September 3.