Pulz Electronics Announces 1:1 Bonus Shares Amid Positive Stock Outlook

Pulz Electronics, a prominent player in the audio system industry with over 35 years of experience, has announced a significant move for its shareholders. The company, headquartered in Mumbai, India, will issue fully paid bonus shares in a 1:1 ratio. Here are the key details:

1. Bonus Shares Issuance: The Board of Pulz Electronics has approved the issuance of bonus shares from free reserves, allowing shareholders to receive one additional share for every share held. The record date for this issuance is set for October 25, 2024.
2. Shareholder Rights: The new shares will have the same voting rights as existing shares and will qualify for dividends in the year they are allotted.
3. Extraordinary General Meeting (EGM): An EGM is scheduled for November 9, 2024, at 11:30 A.M. at Hotel Suruchi in Palghar. The cutoff date for e-voting will be October 31, 2024, with e-voting open from November 6 to November 8, 2024. The register of members and share transfer books will be closed from November 1 to November 9 for this purpose.
4. Stock Price Outlook: Pulz Electronics’ stock is currently showing bullish trends, with strong support at ₹164.85. Analysts suggest that if the stock closes above resistance at ₹186, it could reach a target of ₹205 in the near term.

This bonus share issuance reflects Pulz Electronics’ commitment to its shareholders and positions the company for potential growth in the market. If you’re considering investing, this could be a notable opportunity!

Disclaimer: This communication is for informational purposes only and should not be construed as financial advice or a recommendation to buy or sell securities. While efforts have been made to provide accurate and up-to-date information regarding Pulz Electronics and its stock performance, market conditions can change rapidly. Investors are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. The issuer of this information is not responsible for any losses or damages arising from reliance on the information provided herein.