5:1 Stock Split: This Film Production Company Announces Revised Record Date for Share Split; Keep this on Radar!

This date will determine eligibility for the 5:1 stock split, converting each equity share into 5 shares.

Incorporated in 2008, ThinkInk Picturez Ltd (TIPL) is an entertainment provider with operations spanning television, film, and other entertainment platforms. As a film production company in the media and entertainment sector, TIPL specializes in creating content for movies, TV shows, and web series, covering both fiction and non-fiction genres. The company also offers a range of services, including concept development, casting, set design, script writing, location scouting, photography, editing, and sound effects and mixing.

The Company has revised the Record Date and set Friday, August 9, 2024, as the new Record Date. This date will be used to determine shareholder eligibility for the subdivision/split of each existing fully paid-up equity share with a face value of Rs. 5/- into five fully paid-up equity shares with a face value of Re. 1/- each.

As per the Quarterly Results, in Q4 FY24, ThinkInk Picturez Ltd recorded a revenue of Rs 1 crore. The operating loss for Q4 FY24 stood at Rs 2.10 crore. The net loss for Q4 FY24 was Rs 1.24 crore. Looking at the annual performance, the company generated a revenue of Rs 9.79 crore in FY24, compared to Rs 25.28 crore in FY23. The operating profit for FY24 was Rs 2.97 crore with a net profit of Rs 2.51 crore.

According to the shareholding pattern of ThinkInk Picturez Ltd, promoters own a 2.55 per cent stake, while public investors hold 97.43 per cent.

Currently the company’s shares are trading at around Rs 26.51 each on the BSE. The company’s current market capitalization stands at Rs 78.54 crore.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.