Pradhin Ltd. Proposes Major Corporate Moves: 1:10 Stock Split, 100% Dividend, and 2:1 Bonus Shares
Pradhin Ltd., a rising force in the agriculture sector, has announced a significant board meeting scheduled for January 17, 2025, to discuss major corporate initiatives, including a 1:10 stock split, the declaration of up to a 100% dividend, and a 2:1 bonus share issuance. These moves signal the company’s commitment to enhancing shareholder value and reinforcing its position in the market.
Strategic Stock Split and Bonus Shares
The company’s proposed 1:10 stock split is aimed at improving market liquidity, making the shares more accessible to investors. If approved, each ₹10 face value share will be divided into 10 shares, each with a ₹1 face value. This move is expected to attract more investors and increase trading volume.
In addition, Pradhin Ltd. is proposing a 2:1 bonus share issuance. This initiative will reward existing shareholders by granting two additional shares for every one equity share they hold as of the record date. The issuance will be financed by capitalizing the company’s securities premium, pending shareholder approval.
Dividend Declaration: A Reward for Shareholders
The proposed declaration of up to 100% dividend underscores Pradhin Ltd.’s robust financial position. This move demonstrates the company’s confidence in its cash flow and profitability, allowing it to share its success with investors.
Previous Achievements and Future Growth
Earlier, Pradhin Ltd. successfully raised ₹48.35 crore through a rights issue, selling shares at ₹25 each. Additionally, the company secured a ₹1 billion order, marking a strategic expansion into the agro-processing sector. The project involves sourcing essential commodities like Hybrid Rice, Wheat, and Millets, processing them into finished products such as Flour and Oil, and supplying them to larger consumers. With profit margins expected between 4.5% and 6.5%, this deal offers significant growth potential.
By continuing to expand its market reach and deliver value, Pradhin Ltd. is positioning itself for transformative growth, further solidifying its role as a key player in the supply chain for essential commodities.
Pradhin Ltd.’s proposals for stock split, dividend, and bonus shares reflect a forward-thinking strategy to enhance shareholder wealth, paving the way for continued success and growth in the agricultural sector.
