Penny Stock Under Rs 12: Company Board Approves Q1 Results, 1:2 Bonus Issue and Share Capital Hike; Stock Surges 17 Per Cent Amid Efforts to Revive Operations

DSIJ Intelligence-2 / 25 Jul 2025/ Categories: Mindshare, Penny Stocks, Trending

On Friday share price of the company jumped over 17 per cent.

Regis Industries Limited, formerly known as Bhartia Bachat Limited, held its Board of Directors meeting on July 25, 2025, where several key proposals were approved. The Board considered and approved the unaudited financial results for the quarter ended June 30, 2025.

On Friday share price of the company jumped over 17 per cent.

One of the major decisions was to increase the company’s authorised share capital from Rs 20,00,00,000 to Rs 26,00,00,000, subject to shareholder approval through a Postal Ballot. Alongside this, the Board recommended amending Clause V of the Memorandum of Association to reflect the revised capital structure, also requiring shareholder consent via Postal Ballot.

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The Board further approved the issuance of fully paid-up bonus shares in the ratio of 1:2, meaning one bonus share for every two existing equity shares held, using the Securities Premium account. Approximately 8,60,38,000 bonus equity shares of Rs 1 each will be issued, utilising Rs 8,60,38,000 from the available Rs 10,00,00,000 Securities Premium balance as of March 31, 2025. Post-allotment, the company’s paid-up equity share capital will rise from Rs 17,20,76,000 to Rs 25,81,14,000. The bonus shares will carry the same rights as existing equity shares and will be credited or dispatched within two months from the date of board approval.

The company also approved the draft notice for the Postal Ballot, appointing M/s Daxa Negi & Associates, Practising Company Secretary, as the Scrutiniser for the process, including remote e-voting, ensuring transparency and fairness.

Incorporated in 1982, Regis Industries Ltd is primarily engaged in manufacturing and supplying heavy engineered process equipment such as heat exchangers, centrifuges, pressure vessels, and other fabricated components for domestic and international markets. However, the company is currently unable to carry out its operations due to a shortage of working capital funds and is implementing several cost-reduction measures to restore operational activities.

Disclaimer: The article is for informational purposes only and not investment advice.