1:1 Bonus Shares: 25th October Record Date; Buy To Be Eligible For Free Shares?

Since its founding more than 35 years ago, Pulz Electronics has developed and produced line array-based speaker systems, audio systems, and solutions for the home, pro, and cinema audio markets. In the suburbs of Mumbai, India, the 40,000 square feet of state-of-the-art manufacturing facilities comprise the Pulz manufacturing base. Germany, Italy, and Spain are the countries where the main parts are produced. With cutting-edge engineering capabilities and inventive products, Pulz is a prominent player in the industry.

Pulz Electronics Bonus Shares

"Pursuant to the provisions of Section 63 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Share Capital and Debentures) Rules, 2014 the Board hereby approved to issue fully paid Bonus Shares to the shareholders out of Free reserves and in the interest of all concerned, such issue to be made on the following terms and conditions: - The issue of shares will be made in the proportion of 1 (ONE) new share for every one equity share i.e., 1:1 held on record date. The Equity Shares so issued shall upon allotment have the same rights of voting as the existing equity shares and be treated for all other purposes pari-passu with the existing equity shares of the Company and that the equity shares so allotted during the financial year shall be entitled to dividend, if any, proportionately in the year of the allotment of these shares," Pulz Electronics said in a stock exchange filing.

Pulz Electronics Bonus Shares Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Pursuant to In- Principal approval received dated 10th October, 2024 from NSE, we wish to inform you that the Record Date for the purpose of allotment of Bonus Shares will be on Friday, 25th October, 2024," the company said in a regulatory filing.

Pulz Electronics Latest News

"This is to inform that the Extra Ordinary General MeeƟng of the Company will be held on Saturday, 09th November, 2024 at 11:30 A.M. at Hotel Suruchi, Conference Hall, Mahim Road, Palghar (West), Pin code- 401404 Further please note that Cut-off date for purpose of E voƟng will be Thursday, 31st October, 2024. EvoƟng will remain open from Wednesday, 06th November, 2024, 9:00 A.M. to Friday, 08th November, 2024, 5:00 P.M. both days inclusive. Further please note that Register of Members and Share Transfer Books of the Company remain close from Friday, 01st November, 2024 to Saturday, 09th November, 2024 (both days inclusive) for the purpose of the Extra Ordinary General MeeƟng going to be held on 09th November, 2024," Pulz Electronics informed stock exchanges.

Pulz Electronics Share Price Target

"Pulz Electronics stock price is bullish on the Daily charts with strong support at 164.85. A Daily close above resistance of 186 could lead to a target of 205 in the near term," A R Ramachandran, Independent Research Analyst.

Disclaimer

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