Stock Offering 2:1 Bonus Shares: 5th February Record Date; Double Your Holdings?

Thinkink Picturez is a well-run, growing company that aims to become the leading supplier of film and television management services. For both private and business clients, the organisation also provides media production and event management services. Following the Board's announcement of the record date for 2:1 bonus shares, Thinkink Picturez's shares closed Friday at a 2% upper circuit limit of Rs 1.16, with a market valuation of Rs 54.99Cr.

Thinkink Picturez Bonus Shares Record Date

"We wish to inform you that the Company has fixed Wednesday,05th February, 2025 as the 'Record Date' for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the ratio of 2:1 i.e. Two (2) Bonus Equity Share of face value of Rs. 1/- each for every (1) existing Equity Share of face value of Rs. 1/- each," said Thinkink Picturez in a stock exchange filing.

"With a view to reward the existing Members, encouraging the participation of small investors by increasing the liquidity of the equity shares of the Company, and to increase the market capitalization of the Company, the Board of Directors of the Company ('the Board') at its meeting held on 16th November,2024 has recommended issue of bonus shares in the ratio of 02:01 i.e. Two (02) new bonus Equity Share of Re.1/- each for every One (01) existing fully paid-up Equity Shares of Re.1/- each, post subdivision of the shares," the company informed stock exchanges.

Thinkink Picturez Bonus Shares Note For Shareholders

"The new equity shares shall be allotted subject to the Memorandum and Articles of Association of the Company and shall in all respects rank pari passu with the existing fully paid-up ordinary shares of the Company, with a right to participate in dividend in full that may be declared after the date of allotment of these equity shares as the Board may determine. No letter of allotment shall be issued in respect of the said bonus shares but in all cases the bonus shares in dematerialized form only and, the bonus shares as aforesaid shall be credited to the beneficiary accounts of the shareholders with their respective Depository Participants within the stipulated time as may be allowed by the appropriate authorities," Thinkink Picturez said in a regulatory filing.

Thinkink Picturez Share Price Target

"Thinkink Picturez stock price is slightly bullish on the Daily charts with strong support at 1.06. A Daily close above resistance of 1.25 could lead to a target of 1.5 in the near term," said A R Ramachandran, Independent Research Analyst.

More Bonus Shares News

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.