1:1 Bonus Shares Alert: Record Date Fixed; The Perfect Addition To Your Portfolio?

One of the top producers and suppliers of paper and plastic products for FMCG packaging is Technopack Polymers. As one of the top manufacturers of packaging in India, the business offers clients sustainable products and solutions. With 12 years of expertise in developing novel packaging products, Technopack is the largest importer of resin, paper packaging, and rigid-flexible plastic. It processes more than 10,000 tonnes of plastics and paper a year and has top-notch production facilities with the largest warehouses for the import of plastic resin in India.

Technopack Polymers Bonus Shares

"Please refer to earlier intimation dated 17th January, 2025, keeping January 27, 2025 as the record date for Issue of Bonus Equity Shares, this is to inform you that Company has revised the Record Date to Wednesday, January 29, 2025 as the "Record Date" for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Shares in the ratio of 1:1 (i.e. issue of 1 (One) equity share for every existing 1 (One) equity shares held of Rs. 10/- each as on the above -mentioned record date). Accordingly, the revised record date is on Wednesday, January 29, 2025, which is in compliance with the Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015," said Technopack Polymers in a stock exchange filing.

Technopack Polymers Financials

In the quarter that ended in September 2024, the firm recorded a net revenue of Rs 9.28 Cr, up from Rs 7.20 Cr in the same quarter of the prior fiscal year. In Q2FY25, the total income was Rs 9.41, up from Rs 7.34 Cr in Q2FY24. According to the corporation, its net profit for the September 2024 quarter was Rs 0.85 Cr compared to Rs 0.99 Cr for the September 2023 quarter. Technopack Polymers has not yet disclosed its Q3FY25 or December 2024 financial results.

Technopack Polymers Share Price Target

"Technopack Polymers stock price is bearish on the Daily charts with strong resistance at 80.5. A Daily close below support of 73 could lead to a target of 64 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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