3 Ki Shakti: Small Cap Stock To Mull Bonus Shares, Stock-Split & Dividend Soon

Thinkink Picturez Ltd a small-cap company in the Consumer Discretionary sector is likely to be the focus of the market watchers due to 3 major corporate actions that are going to happen soon in the form of bonus shares, stock split and dividend. The company informed the stock exchanges that its Board of Directors will meet on Friday, March 01, 2024 to consider and approve the above-said benefits for the investors. Post the announcement the shares of Thinkink Picturez opened higher at Rs 88.25 apiece on Friday and rallied to an intraday high of Rs 95.59 logging a gain of 12.05% from the previous close.

"We hereby inform you that a meeting of the Board of Directors of Thinkink Picturez Limited (Scrip Code: 539310) is scheduled to be held on Friday, March 01, 2024 at the registered office of the Company. The agenda of the Meeting inter alia includes:

1. Stock Split: The Board will consider a proposal for the sub-division of the Company's equity shares of face value of Rs 5 each, subject to the approval of the shareholders and relevant regulatory authorities.
2. Bonus Issue: The Board will also consider the issuance of bonus shares to the existing shareholders of the Company in a ratio to be determined, subject to necessary approvals. To deliberate on issuing bonus shares to our shareholders, rewarding them for their continued support and increasing the equity base of the company.
3. Dividend Declaration: The board will consider declaring a dividend of up to Rs 3 per share, reflecting the company's strong financial performance and commitment to returning value to shareholders," said Thinkink Picturez in a regulatory filing on Thursday.

Benefits to Investors

The company has highlighted the below-listed benefits to the investors going to be in force through bonus shares, stock split and dividend.

Increased Accessibility: The proposed stock split is intended to make our shares more accessible to small investors by reducing the market price per share.

Shareholder Value: The bonus issue aims to reward the shareholders by increasing their shareholding without additional investment.

Income Generation: The dividend payout is a direct benefit to shareholders, providing them with income and reflecting the company's profitability.

As a production company, the firm plans and organises all the various aspects of making a movie, such as choosing the plot, organising the writing, directing, and editing, and setting up funding. The company reported net sales of Rs 2.00 crore in the December 2023 quarter up 100% from Rs. 1.00 crore in the December 2022 quarter. Its net profit jumped by 1396.67% from Rs. 0.06 crore in Q3FY23 to Rs. 0.94 crore in Q3FY24. EBITDA climbed by 907.14% to Rs. 1.41 crore during the reporting quarter from Rs. 0.14 crore during the same period in FY23.