Mayukh Dealtrade Limited (now known as Sattva Sukun Lifecare Limited) has great news for its shareholders. Trading at just under ₹3, this penny stock is gearing up to distribute bonus shares. The company has announced the issue of bonus shares in the ratio of 3:5. This means that for every 5 shares held, eligible investors will get 3 additional bonus shares free of cost.
Ratio of Bonus Share and Current Share Price
- Ratio: 3:5 (3 bonus shares on 5 existing shares).
- Face value: ₹1 per share.
- Current trading price: ₹2.12.
- Six-month performance: The stock has gained up to 70%.
What is the record date of bonus shares?
Mayukh Dealtrade has fixed the record date for the bonus shares as January 17, 2025.
- The company has said in its filing that this date has been fixed to ensure eligibility for receiving bonus shares.
- This bonus issue is for those investors whose names are registered in the shareholder register of the company by January 17.
Company history and operations
Mayukh Dealtrade Limited (now Sattva Sukun Lifecare Limited) started its operations in sectors such as media, steel, and infrastructure.
- Year established: August 1980.
- Current Occupation:
- Consumer goods trade.
- The product range includes steam vaporizers, camphor burners, sarees, kapurdani, and other household items.
- Recently the name of the company has been changed to Sattva Sukun Lifecare, and is being traded in the stock market with the same name.
Investors benefit from bonus shares
- Free shares: Existing shareholders will get bonus shares based on their holdings.
- More shares at a lower price: Being in the category of penny stocks, this bonus can make it an attractive option for small investors.
- Long-Term Growth: The company’s recent rebranding and business activities in diverse sectors highlight its future prospects.
What to do for investors?
- Ensure eligibility for Bonus Share:
- Buy shares of the company and keep it in your portfolio till January 17, 2025.
- Take a long-term approach:
- The company’s growth plans could make it a potential option for long-term investment.
- Assess the Risk of Penny Stocks:
- Despite the benefits of bonus shares, investing in penny stocks can be risky.
