9:5 Bonus Share: Small Cap Stock Hits 3rd Lower Circuit After 120% Rally In 3 Months

Small cap stock operating in trading sector, Dhyaani Tile and Marblez Ltd today hit 3 consecutive lower circuit after delivering 120% return to shareholders in just last 3-months. Last trading price of Dhyaani Tile share on BSE is Rs 145.65 per share with intraday fall of 4.99%. Earlier on October 17, Board of Dhyaani Tile considered and approved issue of 9 bonus shares for every 5 shares held as on the record date. The company has yet to declare the record date for the aforementioned bonus issue. Check details below:

What Is Lower Circuit? A lower circuit is the maximum percentage decline in stock price in a single trading session. When a stock trades lower circuit, trading in that specific stock is temporarily suspended in order to prevent investors from endlessly selling the stock at deflated prices, which could lead to a market crash.

Dhyaani Tile Approves 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 as on "Record Date". The said issue is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Company shall intimate the 'Record Date' in due course of time for determining eligible Shareholders entitled to receive bonus shares, in compliance with regulatory requirements."

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 To Consider Quarterly Results On Nov 6: According to the BSE filing of the company issued on Oct 18, "Pursuant to Regulation 29 read with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that a meeting of the Board of Directors of the Company will be held on Monday, November 06, 2023 interalia, to consider, approve and take on record, the Unaudited Financial Results of the Company for the half year ended on 30th September, 2023."

Dhyaani Tile Stock Performance & Return: Current market price of Dhyaani Tile stock on BSE is Rs 145.65 apiece. 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 22.14 crore. Dhyaani Tile shares delivered return of 120% in last 3-months, soared 108% YTD, and offered return of 114% in last 1-year.

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