2:1 Bonus Shares: Allotment On 6th March, Record Date On 5th March; Initiate Trade?

One of the best institutions for providing high-quality education that meets international criteria is Vantage Knowledge Academy Limited. On October 9, 2013, Vantage Knowledge Academy Ltd. was established in Mumbai as a publicly traded company in accordance with the Companies Act, 1956. Following the company's announcement of the record date for 2:1 bonus shares, Vantage Knowledge Academy's shares were trading on the BSE on Friday at a 5% upper circuit limit of Rs 110.10 per share, with a market capitalisation of Rs 1.25KCr.

Vantage Knowledge Academy Bonus Shares Record Date

"With reference to our previous intimation dated 7th January, 2025 and on receipt of approval of shareholders at the Extraordinary General Meeting held on 25th February, 2025, we wish to inform you that the Company has made an application for in-principle approval under Regulation 28(1) of SEBI LODR Regulations, 2015 with BSE Limited and the said approval is awaited from BSE Limited, for issue and proposed allotment of 22,76,50,000 (Twenty Two Crore Seventy Six Lakhs and Fifty Thousand) Equity shares of ₹1/- each as bonus shares in the ratio of 2 (Two) new equity shares for every 1 (One) existing equity share held in the Company," said Vantage Knowledge Academy in a stock exchange filing.

"Further, the Company has fixed Wednesday, 5th March 2025, as the "Record Date" to determine the eligibility of shareholders for issuance of the said Bonus Shares. The deemed date of allotment shall be Thursday, 6th March 2025, for the purpose of allotment of said Bonus Shares of the Company (ISIN No.: INE427T01025). Further, these Bonus Shares will be made available for trading on the next working date of allotment i.e. Friday, 7th March 2025, in accordance with SEBI circular dated 16th September, 2024," Vantage Knowledge further informed stock exchanges.

Vantage Knowledge Academy Financials

Vantage Knowledge Academy's net profit improved 71.43% to Rs 0.48 crore in the quarter that ended in December 2024 from Rs 0.28 crore in the quarter that ended in December 2023. Compared to the same quarter of the previous fiscal, which ended in December 2023, when sales were Rs 0.68 crore, sales in the quarter ending in December 2024 increased by 50.00% to Rs 1.02 crore.

Vantage Knowledge Academy Share Price Target

"Vantage Knowledge stock price is bullish on the Daily charts with strong support at 102. A Daily close above resistance of 115 could lead to a target of 143 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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