1:1 Bonus Issue Approved: Penny Stock Gains Support At Rs 66, Targets Rs 86; Record Date On?

A small-cap company called Roni Households deals in plastic granules and plastic household products. Since the Board has set a record date for 1:1 bonus shares, the small-cap company with a market capitalisation of Rs 40.23 Cr that is trading below Rs 100 will be the focus of the upcoming sessions. On the BSE, Roni Households' most recent trading price was Rs 70.

Roni Households Bonus Shares Record Date

"With reference to our previous intimation of notice of Extra-Ordinary General Meeting dated Wednesday, February 19, 2025 and receipt of the approval of the shareholders via Extra-Ordinary General meeting held on Saturday, March 15, 2025, we wish to inform you that the company has received In-principal approval under Regulation 28(1) of SEBI(LODR) Regulations, 2015 from BSE Limited vide letter dated March 17, 2025 for issue and proposed allotment of not exceeding 57,46,546 (Fifty-Seven Lakh Forty-Six Thousand Five Hundred FortySix only) Bonus Equity Shares of Rs.10/- each in the ratio of 1(one) new equity share for every (1) existing equity share held in the Company. Further, pursuant to the Regulation 42 of SEBI (LODR) Regulations, 2015, the Company has fixed the "Record Date" as Friday, March 21, 2025 (T-Day) for the purpose of ascertaining the eligibility of shareholders entitled for allotment of Bonus Equity Shares," said Roni Households in a stock exchange filing on Monday.

"Subject to obtaining Shareholders approval and other Statutory/Regulatory approvals, as may be necessary, the Bonus shares shall be credited/ dispatched within 2 months from the date of the Board approval i.e. on or before April 19, 2025," Roni Households declared.

Roni Households Sets March 25 For Bonus Share Trading Post Allotment

"Further, the Company undertakes to submit the requisite documents to the depository for credit of the bonus equity shares in the depository system latest by Monday, March 24, 2025, 12:00 p.m. and will ensure that the fully paidup Bonus Equity Shares will be made available for trading on the next working date from the deemed date of allotment i.e. Tuesday, March 25, 2025 in accordance with SEBI Circular No. SEBI CIR/CFD/PoD/2024/122 dated September 16, 2024," informed Roni Households to stock exchanges on Monday.

Roni Households News

Last month on February 19, Roni Households confirmed in a regulatory filing that the Board of Directors "considered and approved, Subject to the approval of Shareholders, the alteration in Clause III (A): the Main Object Clause of Memorandum of Association ('MOA') of the Company by addition of below mentioned clause: "To engage in the business of civil works, fabrication, supply, installation, and maintenance of solar LED street lights and solar energy systems, CCTV installations, and the supply of chemicals (including but not limited to TCL powder) and stationery to government organizations and private entities, and to undertake all related activities including project design, procurement, execution, and management of infrastructure, renewable energy, security, chemical, and office supply solutions."

Roni Households Share Price Target

"Roni Household stock price is slightly bullish on the Daily charts with strong support at 66. A Daily close above resistance of 75 could lead to a target of 86 in the near term," highlighted A R Ramachandran, Independent Research Analyst.

Disclaimer

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