NBFC Stock To Trade 1:1 Ex-Bonus, FMCG Stock To Trade 5:1 Ex-Split In March, 2024

Two stocks from the industry of NBFC and FMCG are set to trade ex-split and ex-bonus in the month of March. These two stocks are Paisalo Digital Ltd (NBFC sector) and Manorama Industries Ltd (FMCG sector). Paisalo Digital shares will go ex-bonus in the proportion of 1:1 while Manorama Industries shares will go ex-split in the ratio of 5:1.

Manorama Industries shares offered 102% return in last 1-year only and Paisalo Digital stock zoomed 160% in last 1-year. Paisalo Digital has also scheduled its upcoming meeting of Board of Directors to consider and approve raising of funds via allotment of NCDs through private placement basis. Check details below:

Paisalo Digital To Go Ex-Bonus: The company on January 31, 2024 recommended issue of Bonus Shares in the ratio of 1:1 i.e. 1 (one) new bonus equity share of Re. 1/- each fully paid for every 1 (one) existing share of Re. 1/- each fully paid up. Paisalo Digital fixed March 20, 2024 as the record date for 1:1 bonus issue.

The BSE filing stated, "With reference to recommendation of Board of Directors in their meeting held on January 31, 2024 for issue of Bonus Shares in the ratio of 1:1 i.e. one new bonus Equity Share of Re. 1 each for every one existing Equity Share of Re. 1 each held by the shareholders of the Company as on the Record Date, we would like to inform you that Board members of the Company has fixed Wednesday, March 20, 2024 as the 'Record Date' for ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company."

Paisalo Digital To Consider Fund Raising: As per the regulatory filing of the company dated Feb 22, "Pursuant to Regulation 29 and Regulation 50 and any other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that meeting of Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on February 27, 2024 to consider and approve allotment of NCDs through Private Placement basis."

Paisalo Digital Financials: The NBFC company for the quarter ended December 2023 declared its net profit at Rs 56.46 crore, up 102.44% as compared to Rs 27.89 crore in the corresponding quarter of last year. It announced its net sales for the December 2023 quarter at Rs 182.599 crore, up 49.33% from Rs 122.27 crore declared in the similar quarter of last year. EBITDA for the quarter under review stood at Rs 141.04 crore, up 56.29% from Rs 90.24 crore declared in December 2022. The company's EPS soared to Rs 1.26 in December 2023 as against Re 0.62 declared in December 2022.

Manorama Industries To Trade 5:1 Ex-Split, Sets Record Date: The company fixed March 8,2024 as the record date for determining entitlement of Equity Shareholders for the purpose of sub-division/stock split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 05 (five) equity shares having face value of Rs. 2/- (Rupee two only) each, fully paid-up, ranking pari-passu in all respects which was approved by the Equity Shareholders through Postal Ballot on Wednesday, February 14, 2024.

Manorama Industries About: Established in 2005 and backed by a strong pedigree of over 4 decades in the industry, it has established a vast geographic sourcing network for raw materials. Manorama Industries Limited was established with the aim to become a one-stop shop for tree-based specialty oils and fats, according to its official website.

Disclaimer: The stocks just highlight bonus share, stock split and are not recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.