Small Cap Stock Sets Record Date For 7:1 Bonus Shares, Scrip Up 200% In 3 Yrs

V R Films & Studios Ltd is a small cap media company that recorded a market cap of Rs 39.97 Cr during Friday's closing session. The firm has declared bonus shares in a 7:1 ratio and for the same record date has also been finalised in order to enhance the attraction of its stock to retail investors and offer a substitute to a dividend in the form of cash.

"Please note that the Members of the Company have approved the issue of Bonus Shares in the proportion of 7 (Seven) Bonus Equity Share of Rs 10/- (Rupees Ten) each, for every 1 (One) fully paid-up Equity Share of Rs 10/ - (Rupees Ten) each, existing Equity Share held by the Members and that the Bonus Shares so distributed shall, for all purpose, be treated as an increase in the paid-up capital of the Company.

We further wish to inform that the Board of Directors of the Company have approved and fixed 26th July, 2023 , as the Record Date for the purpose of deciding the Members who shall be eligible to the allotment of the Bonus Shares as per ratio mentioned above by capitalization of such as may be required, from the Securities Premium Account, Free Reserves or any other permitted reserves/ surplus of the Company for the purpose of issue of Bonus Shares of Rs, 10/- (Rupees Ten) each, credited as fully paid-up to the holders of the Equity Shares of the Company, whose names appear on the Register of Members on the 26th July, 2023," said V R Films & Studios in a stock exchange filing on Saturday.

The company reported a net revenue of Rs 6.29 Cr during Q4FY23 and its net profit stood at Rs 1.14 Cr. While its revenue from operations was Rs 11.49 Cr in FY22-23 and net profit reached Rs 0.82 Cr in Q4FY23. On Friday, the shares of V R Films & Studios closed on the BSE at Rs 291.35 apiece dow

n by 4.16% from the previous close of Rs 304. The stock made a 52-week-high of Rs 600.00 on (13/09/2022) and a 52-week-low of Rs 163.35 on (16/03/2023), indicating that at the current market price, the stock is trading 51.44% below the 1-year high and 78.35% above the 1 year low.

The stock price climbed from Rs. 60 to its current value during the past five years, resulting in a multibagger return of 370%. The stock price jumped from Rs 95 to the current market price during the past three years, resulting in a multibagger return of 207%. The stock has dropped 12.77% of its value over the past year, and it has shed 21% of its value YTD so far in 2023. During Q4FY23, the company reported promoter shareholding of 71.77% and public stake of 28.23%.