Penny Stock Below Rs 40: This Small-Cap Stock Announces First-Ever 1:1 Bonus Issue; Shares Locked in 5% Upper Circuit

On Friday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.90 per cent to 24,177.60. Amid the broader market strength, Abhishek Integrations share price traded at Rs 37.30, up 4.92 per cent, after the company announced a 1:1 Bonus issue.

Abhishek Integrations Board Approves 1:1 Bonus Issue

The Board of Directors approved the issue of bonus shares in the ratio of 1:1, under which shareholders will receive one fully paid-up equity share of Rs 10 each for every one existing fully paid-up equity share of Rs 10 each held on the record date. The record date for determining eligible shareholders will be announced separately. The bonus issue is subject to shareholders' approval and other statutory and regulatory approvals.

Abhishek Integration Share Capital to Double

Before the bonus issue, the company's paid-up equity share capital stands at Rs 6.34 crore, comprising 63,38,070 equity shares of Rs 10 each. Following the 1:1 bonus issue, the paid-up equity share capital will increase to Rs 12.68 crore, comprising 1,26,76,140 equity shares of Rs 10 each. The company will issue 63,38,070 new equity shares under the bonus issue.

Abhishek Integrations Bonus to be Issued from Reserves

The bonus issue will be implemented through the securities premium account, along with the general reserve and/or retained earnings of the company. As of July 10, 2026, the company had Rs 6.46 crore available for capitalization, comprising Rs 3.42 crore in general reserves/retained earnings and Rs 3.04 crore in the securities premium account. The company expects the bonus shares to be credited within two months of the Board approval, subject to shareholders' approval.
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Other Board Decisions

Apart from the bonus issue, the Board approved the appointment of M/s. Nilesh K. Agrawal & Co., Chartered Accountants, as the statutory auditors for a term of five years, subject to shareholders' approval at the upcoming Annual General Meeting. The Board also approved the notice for the 9th Annual General Meeting, which is scheduled to be held on August 13, 2026.

About Abhishek Integrations

Abhishek Integrations Ltd is engaged in providing integrated engineering and infrastructure solutions. The company undertakes projects across electrical, fire safety, security, surveillance and building management systems for government and private sector clients.

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