Penny stock under Rs 25: Board likely to announce bonus shares & increase in the authorised Share capital tomorrow!

Chandra Prabhu International Limited inform that a meeting of the Board of Directors of the company to be held on Friday, August 08, 2025, at 01:45 P.M. at the Registered office of the company, i.e. 522, Fifth Floor, DLF Galleria Commercial Complex, DLF City Phase IV, Gurugram, Haryana, 122009, inter alia, to consider & approve the following matters:

1. The unaudited financial statements (standalone) of the company for the quarter ended on June 30, 2025.
2. To consider the proposed bonus issue subject to the approval of members.
3. To consider the increase in the authorised Share Capital and consequent alteration to the capital clause of the Memorandum of Association.
4. To discuss the ongoing business propositions or any other business with the permission of the chair and with the consent of the majority of directors present in the meeting.

Chandra Prabhu International Ltd., incorporated in 1984, is a diversified trading company primarily involved in coal, metal and the agro sector. With a strong presence in coal trading through branches across India, including Bokaro, Chandasi, Kolkata, and Gandhidham, the company also engages in agricultural commodity trading of items such as wheat, rice, spices, and pulses, having recently revitalised this segment with new technologies. Furthermore, CPIL has expanded its operations into the metal trading division and has also ventured into infrastructure projects, showcasing a broad business portfolio.

The company has a market cap of Rs 34.43 crore and currently, the stock is trading at under Rs 25 per share. The shares of the company have a 52-week high of Rs 33.40 per share and its 52-week low of Rs 15.88 per share. The stock is up by 36 per cent from its 52-week low of Rs 15.88 per share.

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