Penny Stock Under Rs 2 Down 85 Per Cent From 52-week High: Board Likely to Propose 2:1 Bonus Share; 100 Per Cent Dividend & Business Expansion
The company's shares saw a spurt in volume by more than 16 times on BSE.
On Thursday, shares of Thinkink Picturez Limited plunged 0.56 per cent to Rs 1.77 per share from its previous closing of Rs 1.78 per share with an intraday high of Rs 1.86 per share and an intraday low of Rs 1.70 per share. The stock is down by 85 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 16 times on BSE.
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:
- 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.
- Declaration of 100 per cent dividend: The Board will deliberate on a proposal to declare a 100% dividend on equity shares, underscoring the company’s strong financial performance and its commitment to returning value to its shareholders.
- 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 85 crore and Debtor days have improved from 465 to 151 days.
Disclaimer: The article is for informational purposes only and not investment advice.