Technopack Polymers Announces 1:1 Bonus Share Issue; Record Date Set for January 29, 2025

Technopack Polymers Ltd., a leading manufacturer and supplier of plastic and paper products for FMCG packaging, has declared a 1:1 bonus share issue. This means shareholders will receive one additional fully paid equity share for every existing share held. The company has revised the record date to Wednesday, January 29, 2025, to determine shareholder eligibility for the bonus shares.

In the quarter ending September 2024, Technopack Polymers reported a net revenue of ₹9.28 crore, up from ₹7.20 crore in the same quarter the previous year. The total income for Q2 FY25 was ₹9.41 crore, compared to ₹7.34 crore in Q2 FY24. Net profit for the September 2024 quarter stood at ₹0.85 crore, slightly down from ₹0.99 crore in September 2023. The company has yet to release its financial results for Q3 FY25.

This bonus issue reflects Technopack Polymers' commitment to rewarding its shareholders and underscores its confidence in future growth prospects. Investors are advised to note the revised record date to ensure eligibility for the bonus shares.

Source:Goodreturns