3:5 Bonus Shares Ratio: 17th January, 2025 Record Date; Grab This Bonus Issue Now?

Mayukh Dealtrade Ltd., originally known as Mayukh Commercial Ltd., began operations in the media, steel, and infrastructure sectors. Mayukh Dealtrade Ltd. is a business that trades in consumer and household items, steel, media, and infrastructure. The firm was founded in August 1980 and sells a wide range of products, such as steam vaporisers, camphor burners, sarees, kapoordani, and more. Following the company's announcement of the bonus share record date, Mayukh Dealtrade's shares closed Wednesday's trading session 2.48% higher at Rs 2.07 a share, with a market capitalisation of Rs 24.84 Cr.

Mayukh Dealtrade Bonus Shares Record Date

"This is further to our letters dated 2nd December 2024 and 31st December 2024 wherein the Company had informed that the Shareholders had vide Ordinary Resolution through EOGM approved the issuance of Bonus Shares in the ratio of 3:5, i.e., 3 (Three) new fully paid-up equity share of Re. 1/- (Rupees One only) each for every 5 (Five) existing fully paid-up equity share of Re. 1/- (Rupee One only) each, held by the Shareholders of the Company. In this regard, we wish to inform you that the Company has fixed Friday, 17th January, 2025 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company," said Mayukh Dealtrade in a stock exchange filing.

Mayukh Dealtrade News

"We are pleased to inform you that, pursuant to Section 13 of the Companies Act, 2013, read with the Companies (Incorporation) Rules, 2014, the shareholders of the Company approved the change of its name through a resolution passed at the 44th Annual General Meeting held on 28th September 2024. Subsequently, the Registrar of Companies (ROC) has granted its approval for the change of name from Mayukh Dealtrade Limited to Sattva Sukun Lifecare Limited," said the company said in a regulatory filing on 12th December, 2024.

Mayukh Dealtrade Financials

The company's net sales for the September 2024 quarter were Rs 1.56 crore, rising 240.14% from the September 2023 quarter's Rs 0.46 crore. In Q2FY25, its net profit was Rs. 0.62 crore, growing 124.9% from Q2FY24's Rs. 0.27 crore. In the September 2024 quarter, EBITDA was Rs. 0.97 crore, increasing 125.58% from Rs. 0.43 crore in the September 2023 quarter.

Mayukh Dealtrade Share Price Target

"Mayukh Dealtrade stock price is slightly bullish on the Daily charts with strong support at 1.99. A Daily close above resistance of 2.1 could lead to a target of 2.75 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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