Penny stock below ₹20: Board approves allotment of bonus shares in 1:2 ratio
2 weeks, 1 day ago

Penny stock below ₹20: Board approves allotment of bonus shares in 1:2 ratio

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Penny stock below ₹20: Shares of SBC Exports, a garments and apparel company, were in focus on Tuesday, March 11, after its board approved issuing bonus shares in the ratio of 1:2 to the eligible shareholders of the company. “We wish to inform you that the Board of Directors of the Company, in its meeting held today, i.e., 11th March 2025, has inter alia, approved the allotment of 158,730,000 Bonus Equity Shares of Re. As part of the aforementioned allotment, the bonus equity shares representing fractional entitlements of eligible members have been consolidated and allotted to Radha Kumari, the Independent Director of the company, who has been appointed by the Board as a trustee. SBC Exports Share Price Trend Amid weakness in the Indian stock market, penny stock SBC Exports declined nearly 15% in intraday trade on Tuesday.

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