2:1 Bonus Shares: To Be Credited By August 18, 131% Gain YTD; Check The Stock Name

Leading supplier of integrated printing, logistics, and courier services in India as well as globally, DJ Mediaprint & Logistics Ltd (DJML) boasts highly networked transport operations, superior quality standards, and cutting-edge procedures and operations. Additionally, it offers bulk mailing, mailing, records management, labour supply, RTO management, bulk scanning, and other services.

A 2:1 bonus issue has been approved by the board of directors of DJ Mediaprint & Logistics Ltd. Subject to shareholder approval, the firm board has approved the issue of an increase in authorised share capital from Rs. 15 crore to Rs. 50 crore.

In a meeting on June 18, 2024, the board of directors approved the issuance of 2:1 bonus shares to the company's equity shareholders as a capitalization of free reserves and share premium. The ratio of the bonus shares to the equity shareholders indicates 2 new fully paid-up equity shares of Rs. 10 each for every 1 existing fully paid-up equity share of Rs. 10 each held by the eligible shareholders as of the record date, which the board will determine subject to the company's shareholders' approval.

"Post issue of the bonus shares, share capital of the company will increase to Rs. 32,48,35,200 (3,24,83,520 equity shares of Rs. 10 each) from Rs. 10,82,78,400 (1,08,27,840 equity shares of Rs. 10 each). The bonus shares will be credited to the shareholders account Within 2 months from the date of Board approval i.e.by August 18, 2024," said DJ Mediaprint & Logistics in a statement on 20th June.

"The board of directors also approved the increase in the authorized Share Capital of the Company from existing Rs. 15 crore divided into 1.5 crore equity shares of Rs. 10 each to Rs. 50 crore divided into 5 crore equity shares of Rs. 10 each. The share capital increase is thereby consequent alteration to the Memorandum of Association of the Company and subject to approval of shareholders," the company further added.

A final dividend of Rs. 0.20 (2%) per equity share of Rs. 10 each has been taken into consideration by the board and recommended for the fiscal year ending March 31, 2024. This recommendation is based upon shareholder approval at the company's upcoming 15th Annual General Meeting (AGM), which is set for July 13, 2024.

Mr. Dinesh Kotian, Managing Director, DJ Mediaprint & Logistics Ltd said, ""We are very pleased to announce a 2:1 bonus for our shareholders. The company continues its strong growth trajectory, driven by new orders and brisk business from existing clients. We recently secured an order from the Navi Mumbai Police Department for scanning and document management solutions, along with a Rs 6 crore order for printing, dispatch, and bulk scanning services. Additionally, we bolstered our logistics business with 8 new trailers. With India's GDP growth expected to exceed 7% in FY '25, DJML is well-prepared to support the nation with robust supply chain, express distribution, and logistics solutions."

In 2023-24, the company's revenues reached a record high of Rs 57.04 crore, up 12.83% from the year before. With a 51% YoY rise from Rs. 3.33 crore in FY23 to Rs. 5.04 crore in 2023-24, net profit climbed. Over the past three years, EBITDA margins have grown as well steadily, helped by operational improvements in DJML businesses. Based on the year-on-year signing of new orders and the brisk business from its current customers, the company maintains its robust growth trajectory ahead.