Approved Issue of 2:1 Bonus Shares: Record Date To Be Determined; BUY/SELL?

Headquartered in India, Thinkink Picturez Limited is an entertainment firm that creates and oversees material for web series, films, television, and other media. A variety of media production services are available from Thinkink Picturez. With a market value of Rs 91.49 Cr, Thinkink Picturez's shares wrapped up on Tuesday 1.53% down at Rs 1.93 a share.

Thinkink Picturez Bonus Shares

The Board of Directors "Approved Issue of Bonus Shares by way of capitalization of General Reserves and Securities Premium Account, to the equity shareholders of the Company in the ratio of 2:1 i.e., 2 (Two) new fully paid-up Equity Shares of Re. 1/- (Rupee One only) each for every 1 (One) existing fully paid-up Equity Share of Re. 1/- (Rupee One only) each held by the eligible shareholders as on the Record Date (to be determined by the Board) subject to the approval of the shareholders of the Company," said Thinkink Picturez in a stock exchange filing on December 16, 2024.

A total of 94,80,96,000 equity shares will be issued as a part of bonus shares and the bonus equity shares will be issued out of General Reserve & Securities Premium account of the company as of 30th November,2024.

The estimated date by which such bonus shares would be credited/dispatched is 13th February, 2025 according to Thinkink Picturez.

Thinkink Picturez Upcoming Dividend

"The Board carefully deliberated on the declaration of a dividend. While the company acknowledges the importance of dividends as a means of rewarding shareholders, it has prudently decided to defer the declaration in the future. This strategic decision aligns with the company's objective of channelling resources into high-impact ongoing projects that are expected to generate significant value in the long term. By prioritizing reinvestment into these critical initiatives, the company aims to maximize returns for shareholders over a sustained period, reaffirming its focus on creating enduring value. These decisions reflect Thinkink Picturez Limited's steadfast dedication to delivering superior results and positioning itself as a market leader in the entertainment industry. As the company continues to scale new heights, we remain confident that our strategies will result in a robust growth trajectory, further enhancing shareholder wealth," said Thinkink Picturez in a regulatory filing.

Thinkink Picturez Share Price Target

"Thinkink Picturez stock price is bullish on the Daily charts with strong support at 1.7. A Daily close above resistance of 2.12 could lead to a target of 3.45 in the near term," stated A R Ramachandran, Independent Research Analyst.

Disclaimer

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