Close in 5% upper circuit, penny stock sets record date for 1:1 bonus shares

The Board of Directors of the company in a stock exchange filing said that “In accordance with Regulation 42 (2) and (3) of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby inform that the Director The Board in its meeting held today i.e. Monday, 10th October, 2022 has fixed Friday, 21st October, 2022 as the record date for the purpose of ensuring the eligibility of members for allotment of Bonus Shares in the ratio of 1: 1 i.e. one (1) bonus equity shares of Rs. 10/- each fully paid for each one (1) existing equity shares of Rs. 10/- each held.”

Shares of Regency Fincorp Ltd hit the upper circuit at 4.94% today and closed at 11.68 per. In trading today, this penny stock recorded a total volume of 12,105 shares compared to the 20-day average volume of 9,991 shares. The stock has declined 62.98% in the last 5 years and 61.64% in the last 3 years. In the last 1 year, the stock has gained 16.80% and on YTD basis, the stock has fallen by 5.81% so far in 2022. The stock had touched a 52-week high. 14.85 on (11/01/2022) and 52-week low of At 6.15 (20/07/2022), it shows that the stock is trading 21.34% below the high and 89.91% above the low at the current market price. For the quarter ended June 2022, the company recorded promoter shareholding of 24.98% and public shareholding of 75.02%.