Multibagger Stock Recommends 9:5 Bonus Shares After 20 Months of Listing

With a market valuation of Rs 13 Cr, Dhyaani Tile and Marblez Ltd is a small-cap company in the commercial services industry. Based in Ahmedabad, India, it is an industrial enterprise for tiles and marbles. On 12-04-2022, the company was listed on stock exchanges and after 20 months of listing it declared first-ever bonus shares in a 9:5 ratio. This indicates that eligible investors will get 9 shares in addition to the 5 shares that they own as of the record date.

"Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosures Requirement) Regulations 2015, we would like to inform you that the company has fixed Thursday, 7th December, 2023 as the "Record date" for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 9 (Nine) Equity Shares of Rs. 10/- each for every 5 (Five) existing Equity Share of Rs. 10/- each," said Dhyaani Tile and Marblez in a stock exchange filing.

27,36,000 equity shares with a face value of Rs. 10 each are the total number of securities scheduled to be issued as part of the corporate action. The bonus shares will be issued from the company's reserves and surplus that are available as of March 31, 2023 at a balance of Rs. 2,74,31,000/-. It is anticipated that the bonus shares will be credited on or before December 17, 2023.

The proposal to change the company's name to Dhyaanii Artificial Intelligence Ltd or Dhyaani Artificial Intelligence Ltd, or any other name applied for and approved by the Ministry of Corporate Affairs (MCA), said the Board of Directors on October 17 BSE filing. The proposal is still pending shareholder approval at the upcoming Extra-Ordinary General Meeting.

On Friday, the shares of Dhyaani Tile & Marblez were trading at a 3% upper circuit limit of Rs 84 during the morning deals. The scrip reached a 52-week-high of Rs 193.75 on (18/09/2023) and a 52-week-low of Rs 56.35 on (30/12/2022), indicating that at the current market price, it has gained 48.71% from its 1-year low and trading at a discount of 56.74% from its 1 year high.