Consumer Discretionary Stock Declares 1st Ever 1:4 Bonus Shares & 1:10 Stock Split

With a market valuation of Rs 304.94 Cr, Maagh Advertising & Marketing Services Ltd is a small-cap company in the consumer discretionary industry. The BSE saw the stock start at Rs 177 per share and then surge to reach a new 52-week high of Rs 177.85, marking a rise of five per cent from the previous close. During the morning trading session, the stock was trading around Rs 177.85, which was the 5% upper circuit limit. However, at approximately 10.06 am, there was considerable selling pressure and the stock moved to Rs 169.40 per share. The stock price's mixed pattern following the company's announcement of a 1:10 stock split and 1:4 bonus shares.

Maagh Advertising & Marketing Services Stock Split & Bonus Share Record Date

"Pursuant to Regulation 30 and 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to inform you that the Company has fixed Friday, 02nd February, 2024 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the following matters, subject to the approval of shareholders in upcoming EGM to be held on Saturday, 27th January, 2024: 1. Sub-division of 1 (one) Equity share of face value of Rs. 10/- each fully paid-up to 10 (ten) Equity shares of face value of Re. 1/- each fully paid-up. 2. Issue of 1 (One) Bonus Shares for every 4 (Four) Equity Shares held by the Equity Shareholders of the Company as on the record date," said the company in a stock exchange filing.

Maagh Advertising & Marketing Services News

An SME IPO of 1,520,000 equity shares with a face value of Rs. 10 totalled Rs. 9.12 crores by means of Maagh Advertising. September 26, 2022 is when the IPO begins, and October 4, 2022 is when it ends. The IPO price for Maagh Advertising is Rs 60 per share. The shares were listed on October 13, 2022, on BSE SME.

About The Company

An advertising agency named Maagh Advertising & Marketing Services develops and manages media-specific marketing strategies. The company's headquarters are in India, where it was incorporated in 2013. Zecrom Enterprises Private Limited is a subsidiary of Maagh Advertising & Marketing Services, whose parent company is Miniboss Consultancy Private Limited.