Penny Stock Under Rs 50 To Issue 1:1 Bonus Shares – Record & Allotment Dates Announced; How To Trade?

The RBI-registered small-cap NBFC Capital Trade Links Ltd. began operations in 1984 and became public on the BSE in 2014. Capital Trade provides loans against property to cover personal expenses like marriage, healthcare, and education. Following the Board of Directors' announcement of the record date and allotment date for 1:1 bonus shares, the shares of Capital Trade Links were trading at a 5% upper circuit limit on Tuesday morning at Rs 42.68 per share, with a market capitalization of Rs 274.77 Cr.

Capital Trade Links Bonus Shares Record Date

"Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the company has fixed Wednesday, April 02, 2025, as the "Record Date" to determine the eligibility of shareholders for issuance of the said Bonus Shares. The deemed date of allotment shall be Thursday, April 03, 2025, for the purpose of allotment of said Bonus Shares of the Company," said Capital Trade Links in a stock exchange filing on Monday.

Capital Trade Links Bonus Shares Announcement Date

The Board of Directors "Considered and recommended issue of Bonus Equity Shares in the proportion of 1:1 i.e. (One) bonus equity share of Re.1/- (Rupee One) each for every 1 (One) existing equity share of Re.1/- (Rupee One) each fully paid up, held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot," Capital Trade Links informed stock exchanges on February 07, 2025.

Capital Trade Links Bonus Shares News

"The new equity shares to be allotted pursuant to the bonus issue shall be allotted in dematerialised form only and shall be credited to the respective beneficiary accounts of the members with their respective Depository Participant(s). With respect to the members holding equity shares in physical form, the Company shall credit the bonus equity shares to a new demat suspense account or to a demat account in the name of a trustee of a trust to be settled by the Company to hold these shares till they are credited to the beneficiary accounts of the respective members holding equity shares in physical form," Capital Trade Links confirmed in a regulatory filing.

Capital Trade Links Financials

In the quarter that ended in December 2024, Capital Trade Links' net profit dropped 60.43% to Rs 2.22 crore from Rs 5.61 crore in the quarter that ended in December 2023. Compared to Q3FY24, when sales were Rs 11.88 crore, they fell 45.88% to Rs 6.43 crore in Q3FY25.

Capital Trade Links Share Price Target

"Capital Trade Links stock price is bearish on the Daily charts with strong resistance at 44.9. A Daily close below support of 40 could lead to a target of 34.7 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.