Multibagger Small-Cap Stock Finalized Record Date For 1:1 Bonus Share: Details Here

JMD Ventures Ltd is a small cap company and operates in the Miscellaneous Sector. It has a market capitalization of 18.60 crore. JMD Ventures Ltd offers diversified commercial services. It provides audio and video production, studio designing, e-commerce, music academy, media courses, and musical instruments distribution services.

Recently, the board of directors of the company have fixed record date for bonus share in the ratio of 1:1. Check key takeaways below pertaining to bonus issue and other crucial aspects of the company:

What is bonus share?

These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends but are converted into bonus shares of free shares.

JMD Ventures Ltd Sets Record Date For Bonus Issue

The company's board of directors in their regulatory filing dated September 9, 2022 said, "Pursuant to Section 91 of the Companies Act, 2013 and in compliance with Regulation 42 of SEBI LODR Regulations, 2015, members are hereby informed that the Company has fixed Record date of 23rd September 2022 for issue of Bonus Equity Shares in the ration of 1:1, under Regulation 42 of SEBI LODR Regulations, 2015 have been provided in the attachment."

JMD Ventures Qurterly Results

For the quarter ended June 30, 2022, the company announced a standalone total income of Rs .45 crore, down 72.78 % from last quarter total income of Rs 1.67 crore. The small cap company declared net profit after tax of Rs .26 Crore in latest quarter.