Board likely to announce bonus share; dividend & business expansion: Penny stock under Rs 2 hit upper circuit after launching its exclusive OTT platform, ThinkStream

Board likely to announce bonus share; dividend & business expansion: Penny stock under Rs 2 hit upper circuit after launching its exclusive OTT platform, ThinkStream

Kiran Shroff
/ Categories: Trending, Penny Stocks

The company's shares saw a spurt in volume by more than 5.90 times on BSE.

On Monday, shares of Thinkink Picturez Limited hit a 5 per cent upper circuit to Rs 1.94 per share from its previous closing of Rs 1.85 per share. The stock is down by 83.50 per cent from its 52-week high of Rs 11.75 per share. The company's shares saw a spurt in volume by more than 5.90 times on BSE.

Thinkink Picturez Limited is set to launch its exclusive OTT platform, ThinkStream, marking a significant milestone in its journey as a leading player in the entertainment industry. ThinkStream will offer a diverse range of premium content, including exclusive original web series, Korean dramas, movies and short films. To enhance the user experience, the platform will leverage AI-powered personalization, tailoring content recommendations to individual preferences. The company has allocated a substantial investment of Rs 20 crore to Rs 25 crore to ensure the successful development, deployment, and marketing of ThinkStream.

The launch of ThinkStream is expected to have a profound impact on Thinkink Picturez Limited. By diversifying revenue streams, positioning the company as a market leader, and enhancing stakeholder value, this venture aligns with the company's vision of expanding its global footprint. As the demand for OTT content continues to soar, ThinkStream is well-positioned to capitalize on this opportunity and establish Thinkink Picturez as a key player in the digital streaming space. Further details regarding the platform's launch date, subscription plans, and partnerships will be announced in the future. The company remains committed to transparency and will keep stakeholders informed about all material developments.

Additionally, the company informed that the meeting of the Board of Directors of the Company is scheduled to be held on Monday, December 16, 2024, at the registered office of the Company inter alia to discuss and deliberate on several key strategic initiatives aimed at driving long-term growth:

  1. Proposal for bonus Issue (2:1): The Board will consider a proposal to issue 2 bonus shares for every 1 share held by eligible shareholders. This initiative reflects the company’s commitment to rewarding its shareholders for their trust and support, while also enhancing the liquidity of its stock in the market.
  2. Declaration of 100 per cent dividend: The Board will deliberate on a proposal to declare a 100 per cent dividend on equity shares, underscoring the company’s strong financial performance and its commitment to returning value to its shareholders.
  3. Expansion into Hollywood with Dedicated Cinematic Universe Genres: The Board will evaluate a strategic proposal to expand into the global entertainment market by venturing into Hollywood. The focus will be on creating dedicated cinematic universe genres, leveraging the company’s creative strengths and strategic collaborations to meet the rising global demand for interconnected cinematic experiences. These proposals represent a transformative step in Thinkink Picturez Limited’s growth journey, reinforcing our position as an industry leader and our dedication to delivering consistent value to our stakeholders. By embracing innovation and exploring global opportunities, we aim to achieve sustainable growth and expand our footprint in the global entertainment sector.

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About the Company

Established in 2008, Thinkink Picturez is a prominent player in Indian media and entertainment, specialising in creating unique and diverse content across film, TV shows, and web series. Their comprehensive services encompass the entire film production process, from script selection and financing to post-production, while also offering script development, TV production, and web series ventures. Backed by successful projects like "Janhit Mein Jaari" and the "Dream Girl" franchise, their collaborative spirit and commitment to engaging content have cemented their position in the evolving Indian media landscape.

The company has a market cap of Rs 91.97 crore and Debtor days have improved from 465 to 151 days.

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

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