Bonus Share Issues Announced by Pro Fin Capital Services, Thyrocare Technologies, and Panorama Studios International

Three companies, Pro Fin Capital Services, Thyrocare Technologies Limited, and Panorama Studios International, have recently declared bonus share issues. These offerings come with appealing ratios of 1:1, 2:1, and 5:2, respectively. Investors should examine each company's specifics, confirm record dates for eligibility, and consider market insights on potential target prices to make informed investment choices.

Panorama Studios International plans to issue bonus shares in a 5:2 ratio. This means shareholders will receive five new shares for every two existing ones. The company will distribute 18,60,96,875 equity shares valued at Rs 2 each. This decision was announced in a stock exchange filing on October 15. The bonus shares will be funded by capitalizing free reserves and the Securities Premium Account.

Before the bonus issue, Panorama Studios' paid-up share capital stood at Rs 14,88,77,500 with 7,44,38,750 shares. Post-issue, it will increase to Rs 52,10,71,250 with 26,05,35,625 shares. The company requires Rs 37,21,93,750 from free reserves or share premium for this issuance. As of March 31, 2025, the Securities Premium balance was Rs 46,66,20,750 and Retained Earnings were Rs 1,24,20,43,916.

Pro Fin Capital Services announced a bonus share issue in a 1:1 ratio during a board meeting on October 10. This means one new share will be issued for each existing share held by eligible shareholders. The meeting concluded at 6:30 PM and the decision was communicated via a stock exchange filing.

Thyrocare Technologies is marking its Silver Jubilee by issuing bonus shares in a 2:1 ratio. Shareholders will receive two new shares for every existing one they hold. The company plans to capitalize funds from various reserves to facilitate this issuance. The record date for determining eligible shareholders will be announced soon.

The authorized share capital of Thyrocare Technologies will rise from Rs 1 billion to Rs 3 billion post-bonus issue. This increase reflects the addition of new shares valued at Rs 10 each. The company's issued capital will also grow from Rs 53 crore to accommodate the new shares.

Market Insights and Target Prices

A R Ramachandran noted that Panorama Studios' stock shows bearish trends with resistance at Rs 210. A close below Rs 190 could see it drop to Rs 172 soon. Similarly, Pro Fin Capital's stock faces resistance at Rs 11.51 and could target Rs 9 if it closes below Rs 10.45.

Thyrocare Technologies' stock also appears bearish with resistance at Rs 1474. A close below Rs 1206 might lead to a target of Rs 1091 shortly. These insights are provided by A R Ramachandran, an independent SEBI registered analyst.

The total issued capital of Thyrocare Technologies as of October 14 was Rs 159.16 crore across over fifteen crore shares valued at Rs 10 each. Approximately Rs 106 crore from reserves is needed for the proposed bonus issue.

The unaudited reserves as of September included a Capital Redemption Reserve of Rs 0.96 crore and Securities Premium of Rs 78.09 crore among others. Bonus shares are expected to be credited within two months of board approval by December 13.

The number of Thyrocare's shares may change based on stock option exercises under its Employee Stock Option Scheme before the record date.

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