52.19% Up In 3 Months! Microcap Stock Approves 7:1 Bonus Issue, Set To Trade Ex-Bonus Next Week

On Jul 15, 2023, the Board of Directors of V R Films & Studios Ltd. approved the 7:1 Bonus Issue and the record date for the same. The issue of Bonus shares approved in the proportion of 7 Bonus Equity Share of Rs 10/- each, for every 1 fully paid-up Equity Share of Rs 10/ - each. The Board fixed Jul 26, 2023, as the Record Date for the Bonus share.

V R Films & Studios Ltd. is a Media, Entertainment and Publication sector company engaged in Film Production, Distribution & Exhibition industry. It is a microcap company with a market capitalisation of Rs 41.97 Crore.

Bonus Shares

The Board of Directors of V R Films & Studios Ltd. in an exchange filing said, Please note that the Members of the Company have approved the issue of Bonus Shares in the proportion of 7 (Seven) Bonus Equity Share of Rs 10/- (Rupees Ten) each, for every 1 (One) fully paid-up Equity Share of Rs 10/ - (Rupees Ten) each, existing Equity Share held by the Members and that the Bonus Shares so distributed shall, for all purpose, be treated as an increase in the paid-up capital of the Company."

It added, "We further wish to inform that the Board of Directors of the Company have approved and fixed 26th July, 2023 , as the Record Date for the purpose of deciding the Members who shall be eligible to the allotment of the Bonus Shares as per ratio mentioned above by capitalization of such as may be required, from the Securities Premium Account, Free Reserves or any other permitted reserves/ surplus of the Company for the purpose of issue of Bonus Shares of Rs, 10/- (Rupees Ten) each, credited as fully paid-up to the holders of the Equity Shares of the Company, whose names appear on the Register of Members on the 26th July, 2023."

Stock Movement

On Monday, the stock of V R Films & Studios closed 4.99% higher at Rs 305.90 per share on BSE. The share price jumped 1.97% in the past 1 week.

It gave a strong return of 52.19% in the past 3 months. However, it declined 26.88% in the past 6 months. It declined 17.06% in the past 1 year. It gave 179.23% return. In 5 years, it gave 222% positive return.

It traded its 52-week high on Sep 13, 2022, at Rs 600 per share and 52-week low on Mar 16, 2023, at Rs 163.35 per share.

Disclaimer

The stock just highlights the Bonus Issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.