9:5 Bonus Issue: Small Cap Stock To Reward 9 Bonus Shares Soon, Up 12% In 1-Week

Small cap stock from the trading and distributors industry, Dhyaani Tile and Marblez Ltd will trade ex-bonus next week. Dhyaani Tile shares hit upper circuit in trade today as the stock ended with the gain 5.00% on BSE. Board of directors of Dhyaani Tile and Marblez fixed December 7, 2023 as the record date for ascertaining eligibility of shareholders eligible for bonus share. Last trading price of Dhyaani Tile share is Rs 93.92 per share. This is the maiden bonus issue by Dhyaani Tile. Check details below:

Dhyaani Tile Sets Record Date For Bonus Issue: According to the BSE filing of the company dated November 23, 2023, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosures Requirement) Regulations 2015, we would like to inform you that the company has fixed Thursday, 7th December, 2023 as the "Record date" for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 9 (Nine) Equity Shares of Rs. 10/- each for every 5 (Five) existing Equity Share of Rs. 10/- each."

Dhyaani Tile Approved Issuance Of 9:5 Bonus Issue: The board of directors of Dhyaani Tile issued regulatory filing as on October 17, 2023 stating, "Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirement) Regulations 2015, we wish to inform you that the Board of Directors of the Company in its meeting held on Tuesday, 17th October, 2023 considered and approved the issue of 9 (Nine) Bonus Shares for every 5 (Five) Equity Share held by the Equity Shareholders of the company.

Dhyaani Tile To Soon Call Itself An AI Firm: According to October 17 BSE filing of the company, approved the proposal for the change of name of company to DHYAANII ARTIFICIAL INTELLIGENCE LIMITED or DHYYAANI ARTIFICIAL INTELLIGENCE LIMITED or such other name applied for and is available & approved by Ministry of Corporate Affairs (MCA); subject to the approval of shareholders in the ensuing Extra-Ordinary General Meeting.

The company has yet to make any disclosure to make its debut in "AI", machine learning or large language models.

Dhyaani Tile Stock Performance & Return: Last trading price of Dhyaani Tile stock on BSE is Rs 93.92 per share. Its 52-week high price is Rs 193.75 per share and 52-week low price is Rs 56.35 per share, respectively. The company has a market capitalisation of Rs 14.28 crore. Dhyaani Tile shares delivered return 6% in last 2-weeks, declined 21% in last 6-months, and gained 34% YTD. In last 1-year, Dhyaani Tile shares soared 35%.

Disclaimer:

The stock just highlights the bonus share 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.