Pulz Electronics Announces 1:1 Bonus Share Issue; Record Date Set for October 25, 2024

Founded over 35 years ago, Pulz Electronics specializes in the development and production of line array-based speaker systems and audio solutions for home, professional, and cinema markets. The company operates from a state-of-the-art manufacturing facility spanning 40,000 square feet in the suburbs of Mumbai, India. Key components are sourced from Germany, Italy, and Spain, positioning Pulz as a prominent player in the audio industry through its innovative products and advanced engineering capabilities.

Bonus Shares Announcement: Pulz Electronics has announced a 1:1 bonus share issuance, meaning shareholders will receive one new share for each existing equity share they hold. This decision, made in accordance with Section 63 of the Companies Act, 2013, will be executed out of the company’s free reserves. The new shares will carry the same voting rights as existing shares and will be entitled to dividends in the year of allotment. The record date for this bonus share issuance is set for October 25, 2024.

Extraordinary General Meeting: An Extraordinary General Meeting (EGM) is scheduled for November 9, 2024, at 11:30 A.M. at Hotel Suruchi in Palghar, Maharashtra. Shareholders should note that the cut-off date for e-voting is October 31, 2024, with voting open from November 6 to November 8, 2024. Additionally, the Register of Members and Share Transfer Books will be closed from November 1 to November 9, 2024, to facilitate the EGM.

Stock Performance Insights: Analyst A. R. Ramachandran indicates that Pulz Electronics’ stock price is showing bullish trends on daily charts, with strong support at ₹164.85. A closing price above the resistance level of ₹186 could lead to a target price of ₹205 in the near term.

Disclaimer: This summary is for informational purposes only and should not be considered financial advice. While efforts have been made to ensure the accuracy of the information presented, no guarantee is given regarding its completeness or reliability. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions. The stock market involves risks, and past performance is not indicative of future results.