Buy Before March 26 To Get Free Shares! 1:1 Bonus Issue Coming — What Investors Should Do Now?

After being founded in 1986, Dhanalaxmi Roto Spinners Ltd. went public on the Bombay Stock Exchange in 1995. The corporation is a prominent wood pulp and paper trading company that is diversified into worldwide commerce. Initially, the business produced cotton and cotton yarn. Since 1986, the business has been a well-known brand in the pulp and paper sector. Following the Board's announcement of the record date for 1:1 bonus shares, Dhanalaxmi Roto Spinners' shares began higher on the BSE on Thursday at Rs 205.40 and were trading 1.61% higher at 09:19 around Rs 208 with a market capitalisation of Rs 81.12 Cr.

Dhanalaxmi Roto Spinners Bonus Shares

"With reference to receipt of the approval of the shareholders at the Extra Ordinary General Meeting held on 11th March, 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 11th March, 2025 for issue and proposed allotment of 39,00,300 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. Pursuant to the Regulation 42 of SEBI (LODR) Regulations, 2015, we hereby inform you that the Company has fixed the "Record Date' as Wednesday, 26th March, 2025 (T- Day) for the purpose of ascertaining the eligibility of shareholders entitled for allotment of Bonus Equity Shares," said Dhanalaxmi Roto Spinners in a stock exchange filing on Wednesday.

"Further pursuant to the SEBI Circular No. SEBI CIR/CFD/POD/2024/122 dated 16th September 2024, we wish to inform you that the deemed date of allotment would be Thursday, 27th March, 2025 (T+1) Day) for allotment of 39,00,300 fully paid-up Bonus Equity Shares of Rs. 10/- each in the proportion of 1:1 i.e. 1 (One) new fully paid-up equity share of Rs. 10/- (Rupees Ten only) for every 1 (One) existing fully paid-up equity share of Rs. 10/- (Rupees Ten only) to the eligible shareholders as on the record date. 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 12:00 p.m. and will ensure that the fully paid- up Bonus Equity Shares will be made available for trading on the next working date from the deemed date of allotment i.e. Friday, 28th March, 2025 in accordance with SEBI Circular No. SEBI CIR/CFD/POD/2024/122 dated 16th September 2024," Dhanalaxmi Roto Spinners further informed stock exchanges on 12th March.

Dhanalaxmi Roto Spinners Financials

The company's December 2024 quarter net sales of Rs 68.88 crore represented a 39.04% growth over the December 2023 quarter's net sales of Rs 49.54 crore. In the quarter that ended in December 2024, its net profit was Rs. 2.49 crore, which was 32.2% less than the Rs. 3.67 crore it made in the quarter that ended in December 2023. EBITDA decreased 28.84% from Rs. 5.34 crore in Q3FY24 to Rs. 3.80 crore in Q3FY25.

Dhanalaxmi Roto Spinners Share Price Target

"Dhanalaxmi Roto stock price is slightly bearish on the Daily charts with strong resistance at 216. A Daily close below support of 198 could lead to a target of 180 in the near term," as per the analysis of A R Ramachandran, Independent Research Analyst.

Disclaimer

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