Don’t Miss Out: Stock Offering 4:1 Bonus Shares, Record Date - February 07; Invest Now?

An ND-non SI (non-deposit accepting, non-significant) company, Sangam Finserv provides financial services to businesses in the industrial sector. The firm was registered on May 2, 1998, as a Non-Banking Finance Company (NBFC) Public Limited Company under the Reserve Bank of India Act, 1932. The shares of the small-cap NBFC stock are listed on the Calcutta Stock Exchange (CSE) & Bombay Stock Exchange (BSE).

Sangam Finserv Bonus Shares Record Date

"With reference to our earlier communication dated 21st January, 2025 for record date for issue of Bonus Equity Shares, now in consideration of the SEBI Circular CIR/CFD/PoD/2024/122 dated September 16, 2024 and in compliance with the Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, the Record date has been revised as Friday, February 07, 2025, for the purpose of ascertaining the eligibility of Shareholders for issue of bonus shares to the equity shareholders of the company in the proportion of 4 (Four) new fully paid-up equity share of Rs. 10/- (Rupees Ten) each for every 1 (One) existing fully paid-up equity share of Rs. 10/- (Rupees Ten) each held by Members/Beneficial Owners. We hereby inform you that the Company has now fixed Friday, 7th February, 2025, as the "Record Date" to determine the eligibility of shareholders for issuance of the said Bonus Shares," said Sangam Finserv in a stock exchange filing on Monday.

Important Note For Physical Shareholders Regarding Bonus Shares

"Pursuant to SEBI (JCDR) (Second Amendment) Regulations, 2023 effective from 23.05.2023, the allotment of shares in bonus issue shall be made only in dematerialized form and thus, all the eligible members of the Company holding equity shares in physical mode are hereby advised to dematerialize their physical share certificates by contacting their respective Depository Participant (DP) on or before the Record Date for receipt of bonus equity shares in their respective beneficiary accounts. In case, shares of the Company are held in physical form as on the Record Date, the bonus equity shares so entitled, shall be transferred to the Suspense Account opened by the Company in this regard," Sangam Finserv informed stock exchanges.

Sangam Finserv Share Price Target

"Sangam Finserv stock price is bullish but also overbought on the Daily charts with next resistance at 289. Investors should book profits as a Daily close below support of 270 could lead to a target of 234 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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