1:1 Bonus Issue In 2023: Board of Small Cap To Meet Again On Feb 27 For 2nd Bonus Share

Board of Directors of small cap player from the industry of trading & distributors, Sunrise Efficient Marketing Ltd will hold meeting on February 27, 2024 to consider 2nd bonus issue. Sunrise Efficient Marketing has so far declared one bonus issue in the year 2023 in the ratio of 1:1. The company in the said meeting will also consider and approve increase in the authorized share capital of the company and fix date for the extra ordinary general meeting. Last trading price of Sunrise Efficient Marketing shares on BSE is Rs 120.15 apiece with intraday fall of 1.60%. Sunrise Efficient Marketing shares zoomed over 14% in last 2-weeks but declined 8% in last 1-week. Check details below:

Board of Sunrise Efficient To Meet On Feb 27 For Bonus Issue: According to the BSE filing of the company dated February 14, 2024, "a Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 27th February 2024 to transact following major businesses:

1. To consider and approve the increase in the Authorised capital of the company

2. To discuss, consider and approve Issue of Bonus Shares to the equity shareholders of the Company subject to approval of members.

3. To fix date, time and venue of Extra Ordinary General Meeting of the Company and approve the draft notice of EOGM.

4. To consider and decide book closure date and cut-off date for voting purpose and Bonus Issue

5. To consider the appointment of Scrutinizer M/s Dhirren R. Dave & Co., Practicing Company Secretaries of the Company for the purpose of voting in EOGM."

Bonus Share History: Sunrise Efficient Marketing Ltd declared 1 bonus issue since September 8, 2023. Its last bonus issue was declared in the proportion of 1:1 with ex-bonus date fixed as September 8, 2023.

Sunrise Efficient Shares Performance & Return: 52-week high price of Sunrise Efficient stock on BSE is Rs 155.00 apiece and 52-week low price is Rs 101.90 apiece, respectively. The company has a market capitalisation of Rs 120.15 crore. Sunrise Efficient shares soared 9% year-to-date, gave return of 14% in last 6-months and surged 17% in last 1-year.

Order Win: Earlier last year on December 4, 2023 the company achieved another milestone order of Rs 85 million. The BSE filing stated, "SEML has bagged a huge order in an entirely new business of providing solutions for graphic designing and rendering along with all the required hardware. The company has procured a PO for Graphics Design & Rendering Services from a Public Ltd Co, who in turn will be offering such services to various government departments. The PO value is INR 85.4 Millions Having proven it's mettle in the field of Electricals, Mechanical, Electronics and Automation products & services, this is the first time that SEML has ventured into an altogether new vertical of computer graphics' design solutions.

About: Sunrise Efficient Marketing Limited, previously known as Sunrise marketing and services, came into existence in 2002. The company expanded its infrastructure, added new business lines, and collaborated with different industry leaders. It seeks to provide energy-efficient products and automation solutions to its customers. It is amongst India's leading stockiest / dealer/channel partners for various well-known companies, according to its official website.

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