Bonus Shares By Penny Stock Under Rs 5: 3:5 Ratio, 17th January Record Date; Buy?

A resolution approving the name change had recently been agreed by Mayukh Dealtrade's shareholders during its 44th Annual General Meeting, which took place on September 28, 2024. The name change from Mayukh Dealtrade Limited to Sattva Sukun Lifecare Limited has since been approved by the Registrar of Companies (ROC). Steel, media, infrastructure, and consumer and home goods are all traded by Mayukh Dealtrade Ltd. The company was established in August 1980 and offers a variety of goods, including sarees, kapoordani, steam vaporisers, and camphor burners.

Mayukh Dealtrade Bonus Issue

The company has set Friday, January 17, 2025, as the record date to determine which equity shareholders are eligible to receive bonus shares in a 3:5 ratio, meaning that for every 5 (five) existing fully paid-up equity shares of Re. 1/- (Rupee One only) held by the company's shareholders, 3 (three) new fully paid-up equity shares of Re. 1/- (Rupee One only) each will be issued.

Mayukh Dealtrade Bonus Shares News

"We wish to inform you that a meeting of the Board of Directors of the Sattva Sukun Lifecare Limited (Formerly Known as Mayukh Dealtrade Limited) is scheduled to be held on Saturday, January 18, 2025 to inter-alia consider and approve the allotment of 72000000 equity shares of Rs. 1/- (Rupees One only) each as fully paid-up bonus equity shares, in the proportion of 3:5, i.e., 3 (Three) new fully paid-up equity share of Rs. 1/- (Rupees One only) each for every 5 (Five) existing fully paid-up equity share of Rs. 1/- (Rupees Ten only) each, to the eligible members of the Company whose names appeared in the Register of Members / Register of the Beneficial Owners, as on January 17, 2025, the 'Record Date' fixed for this purpose," said Mayukh Dealtrade in a stock exchange filing.

Mayukh Dealtrade Share Price Target

"Mayukh Dealtrade is bearish and oversold on the 15-minute chart with next support at 2.02. Investors should buy only if Daily close is above resistance of 2.34, which could lead to a target of 2.7 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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