1:10 Stock Split, 1:4 Bonus Issue: 1 Rs 165 Penny Stock To Split In Ten Shares, Bonuses Too; KNOW RECORD DATE

Media company, Maagh Advertising and Marketing Services will be in focus next week for its 1:10 stock split and 1:4 bonus shares. The stock will turn to ex-dates for these rewards on February 5 to determine eligible shareholders for the same. While its board of directors are meeting on February 6 to determine the allotment of shares. Ahead of these perks, Maagh Advertising and Marketing Services touched 5% lower circuits.

To be eligible for stock splits and bonus shares, investors must hold shares of Maagh Advertising and Marketing Services in their demat accounts by February 5th.

Maagh Advertising and Marketing Services Share Price:

The penny stock froze at Rs 165.30 apiece, at its 5% lower circuits on BSE with a market cap of Rs 297.56 crore. Lower circuits mean that there were several buyers but no sellers in Maagh Advertising and Marketing Services shares on February 2nd.

The stock's 52-week high and low is at Rs 189 apiece and Rs 13.98 apiece respectively.

From its 52-week low, the stock is currently trading higher by 1082.40%.

Maagh Advertising and Marketing Services Stock Split:

The company's board on February 6 will consider and approve the allotment of Equity Shares under the Stock Split (Sub-division) of face Value of Equity Shares of the Company from Rs. 10/- to Rs. 1/- per share.

The stock split will be in the ratio of 1:10. Ahead of the board meeting, the company fixed February 5 as the record and ex-split date to determine eligible shareholders.

Notably, typically, listed companies declare a stock split of already owned shares into much smaller shares. This is done to improve liquidity by breaking the shares into smaller sizes. The face value of the shares reduces in proportion to the split ratio, however, there is no impact on the company's share capital and reserves. Although the price value of a stock reduces in a stock split, the number of shares held rises in the investors' portfolio of that specific stock.

Maagh Advertising and Marketing Services:

Also, on February 6, the company's board will consider and approve the allotment of 4,50,02,500 Equity Shares of Rs.1/- pursuant to bonus shares to the Shareholders entitled as on record date.

Similar to the stock split, the record date and ex-bonus date are fixed on February 5.

In general terms, bonus shares are issued in a certain proportion only to the existing shareholders free of cost. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.

About Maagh Advertising and Marketing Services:

Maagh Advertising and Marketing Services is a data-driven advertising solutions company that helps businesses achieve their marketing goals. Delivering campaigns that are optimized at every point of the campaign journey. Creating precise strategies and analytical metrics, helps brands reach the right audiences. The company's Media Planning & Advertising Company provides ROI-driven results by giving companies the perfect media mix to overcome their marketing challenges. As part of its efforts to create a unique brand experience in the advertising space, the company offers a dedicated account manager, industry insight, etc. Using data-driven decision-making & a distinctive approach helps us deliver flawless campaigns.

On its website, it said, Maagh is here to shape the future of advertising investments with research, analysis, planning & result-oriented strategies to deliver winning media outcomes for the brands.