2 Penny Stocks Announce Bonus Share, 1 Small Cap Declares Stock Split For October

Two small cap companies namely M Lakhamsi Industries Ltd and Pro Fin Capital Services Ltd have made announcements pertaining to bonus shares. M Lakhamsi Industries Ltd has declared record date for 6:1 bonus issue while board of Pro Fin Capital Services Ltd has recommended bonus issue for its shareholders.

Meanwhile, Colorchips New Media Ltd has declared record date for 1:5 stock split. Check key takeaways below for more details pertaining to the upcoming bonus shares and stock split:

1. M Lakhamsi Industries Ltd Fixes Record Date For 6:1 Bonus Issue And Final Dividend

The board of directors in their meeting held on 26 September fixed October 5, 2022 as the record date for bonus share in 6:1 ratio and for final dividend as well.

The board of director stated in their exchange filing, "a) The Board has fixed Wednesday, 05th day of October, 2022 as a record date for the purpose of determining the members eligible to receive final dividend for the financial year 2021-2022;
b) The Board has fixed Wednesday, 05th day of October, 2022 as the record date, for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid up Bonus Shares in the ratio of 6:1 (i.e. issue of 6 (Six) equity share for every existing 1 (one) equity shares of Rs 10/- each subject to in-principal approval of BSE Limited."

2. M Lakhamsi Industries Ltd Stock Outlook, Market Capitalisation, and About Company

The current market price of the stock is Rs 6.72 apiece with its 52-week high at Rs 6.72 and 52-week low at Rs 6.40 apiece, respectively. The company has a market capitalization of Rs 0.57 crore.

It is a preferred Indian partner for customers' oil seeds, oils, spices & grain requirements. It has been consistently serving over 25+ products to 75+ destinations since the last 50+ years. It relies on pan India local farmer network to procure select raw materials, catering to the diverse product needs of our global customer base.

3. Pro Fin Capital Services Ltd To Issue Bonus Share In 2:1 Ratio

The company has recommended bonus share in 2:1 ratio. The board of directors of the company has stated in its BSE filing, "Recommended the Bonus Issue of Equity shares in the proportion of 2(T'wo) Equity shares of Rs. 1/- each for every 1 (one) Equity share of Rs. 1/- each to the holders of the Equity Shares of the Company issued by way of preferential issue on May 06, 2022, subject to the approval of shareholders i.e. in compliance with the applicable laws."

The company stated that record date for bonus issue shall be decided by the board and will be intimated to the exchange.

Pro Fin Capital Services Ltd Stock Outlook, Market Capitalisation, and About Company

The current market price of the stock is Rs 1.69 apiece with its 52-week high at Rs 9.08 apiece and 52-week low at Rs 0.92 apiece. The company has a market capitalization of Rs 35.83 crore. Pro Fin Capital Services Ltd operates in the business of financial services like stock, share broking, and dealing in securities.

5. Colorchips New Media Declares Record Date For 1:5 Stock Split

The company's board of directors stated in their BSE filing on September 24, 2022, "The Board discussed about the proposal of split/sub-division of equity shares and fixed the Record Date of the Company on 12th October, 2022 for determining the eligibility of shareholders with regard to the split/sub-division of equity shares of the Company."

6. Colorchips New Media Ltd Stock Outlook, Market Capitalisation, And About The Company

The current market price of the stock is Rs 96.70 apiece with a gain of 4.93% in trade today till 10:09 am. The company 's 52-week high is Rs 160 apiece and 52-week low is Rs 21 apiece, respectively.

Colorchips New Media Ltd is an integrated design solutions company. It is engaged in animation & web design to identity development and now takes the form of an Information Systems House. The company has the capacity to fulfill all the communication needs across all the mediums. Its services include entertainment and IT services. It is headquartered in Hyderabad. The company came into existence in 1985 and operates in the Miscellaneous sector. The board of the company has announced stock split in the ratio of 1:5 ratio.

The company has a market capitalization of 162 crore.