10:1 Stock Split & 2:1 Bonus Share; Record Date-March 07, 2025: Penny Stock Under Rs 20 Hit Upper Circuit on February 25
The stock is up by 15.6 per cent from its 52-week low of Rs 15.43 per share.
Pradhin Ltd hereby informs that Friday, March 7, 2025, has been fixed as the Record Date to determine shareholder eligibility for the sub-division of each existing Rs 10 fully paid-up equity share into ten Re 1 fully paid-up equity shares, and the issuance of two bonus shares for every one equity share held. These actions are being undertaken pursuant to shareholder approval obtained via postal ballot on Friday, February 21, 2025.
Earlier, the company announced that it is expanding into the Agricultural Waste Management and Processing sector, demonstrating its commitment to sustainability and diversifying into a high-growth area. The company will focus on biogas production, compost development, biofertilizers, waste-to-energy initiatives, and circular economy practices. This strategic venture aligns with the increasing global demand for sustainable waste solutions and government efforts to promote clean energy and sustainable agriculture, promising both revenue growth and contributions to environmental preservation and rural development.
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Pradhin Ltd, formerly known as Bhagwandas Metals Ltd., is a dairy products company incorporated in 1982. Previously involved in the steel industry, the company underwent a significant transformation in 2018. An open offer resulted in a change in management, leading to new directors and the resignation of the executive chairman. Subsequently, the company rebranded as Pradhin Ltd. and shifted its focus to producing, marketing, and trading in dairy products, including Pure Ghee, Skimmed Milk Powder, White Butter, Yellow Butter, and Dairy Whitener.
The company has a market capitalization of Rs 60.31 crore. On Monday, shares of Pradhin Ltd hit a 5 per cent upper circuit to Rs 17.83 per share from its previous closing of Rs 16.99 per share. The stock is up by 15.6 per cent from its 52-week low of Rs 15.43 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.