Double Action: 1:1 Bonus & 1:2 Stock Split Loom; Buy/Wait Ahead of April 2 Record Date?

One of India's most preferred mechanical, electrical, plumbing, and firefighting contractors is Ranjeet Mechatronics. With a presence throughout India, the firm is the fastest-growing system integrator and turnkey project contractor for fire safety and detection systems, electronic security, and automation solutions. Following the Board's announcement of the record date for 1:1 bonus shares and a 1:2 stock split, Ranjeet Mechatronics' shares finished Monday's trading session on the BSE 2.38% down at Rs 41 per share, with a market capitalization of Rs 41.00 Cr.

Ranjeet Mechatronics Bonus Shares & Stock Split Date

For the purpose of sub-division/split of the face value of equity shares of the company such that equity shares having a face value of Rs. 10/- be sub-divided/split into 1 equity share having a face value of Rs. 5/- each fully paid-up equity share and 1:1 bonus shares, the Board of Directors during their meeting held on Monday, 24th March has fixed 'Wednesday, April 2 as the record date as per a stock exchange filing on Monday.

Ranjeet Mechatronics Bonus Shares & Stock Split Announcement Date

"The Board of Directors at its meeting held on Tuesday, February 18, 2025, subject to consent of the members of the Company, approved and recommended issue of bonus equity shares in ratio of 1:1 (i.e.1) (One) bonus equity shares of Rs. 10/- for every 1 (One) fully paid-up equity share of Rs. 10/- each held to the shareholders as on the record date," said Ranjeet Mechatronics in a statement.

"This bonus allotment will rationalize the paid-up capital of the company with the funds employed in the company. The fully paid-up Bonus Shares shall be distributed to the Members of your Company, whose names appear on the Register of Members maintained by the Company/ List of Beneficial Owners as received from the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) on the Record Date as determined by the Board of Directors of the Company. The Bonus Shares so allotted shall rank pari-passu in all respects with the fully paid-up equity shares of the Company as existing on the Record Date. The Existing issued, subscribed and Paid-Up Equity Share Capital pre-Bonus is Rs. 10,00,00,000 (Rupees Ten Crore Only) divided into 1,00,00,000 (One Crore Only) Equity Shares of Rs. 10 each. The existing issued, subscribed and paid-up Equity Share Capital of the Company shall be increased after capitalization of Rs. 10,00,00,000 /- (Rupees Ten Crore Only) out of sum outstanding to credit balance of securities premium account and Free Reserve as per the audited accounts of the company for the financial year ended March 31, 2024," Ranjeet Mechatronics informed stock exchanges.

"The Board have approved the Sub-division of the face value and paid-up value of (Authorised, Issued, Subscribed and Paid-Up) of the Company from 1 (One) equity shares of Rs. 10/- (Rupees Ten Only) each into 1(One) equity shares of Rs. 5/-(Rupees Five Only) each. accordingly, each Equity Share of the Company of the face value Rs. 10/- each existing on the Record Date, shall stand subdivided into 1(One) Equity share of the face value of Rs. 5/- each. The Record Date for the aforesaid Sub-division of Equity shares will be fixed after the approval of shareholders is obtained, pursuant to this Postal Ballot Notice. Upon approval of the shareholders for sub-division of equity shares, the sub-divided equity shares will be directly credited to the shareholder's demat account on the record date in lieu of their existing equity shares," Ranjeet Mechatronics confirmed in a BSE filing.

Ranjeet Mechatronics Share Price Target

"Ranjeet Mechatronics stock price is bearish on the Daily charts with strong resistance at 43. A Daily close below support of 41 could lead to a target of 34 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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