Thinkink Picturez Ltd, a penny stock priced at just ₹1.85, has caught the attention of investors after announcing its board meeting scheduled for December 16, 2024. The agenda includes exciting updates like a 1:2 bonus issue, a 100% dividend declaration, and a strategic expansion into Hollywood.
Stock Market Performance
On December 5, the Thinkink Picturez share price opened at ₹1.84 on the BSE, up over 4% from its previous close of ₹1.77. It quickly hit the upper circuit at ₹1.85, signaling strong market interest in the company’s upcoming announcements.
Key Highlights of the December 16 Board Meeting
1:2 Bonus Share Issue
The board will discuss issuing 2 bonus shares for every 1 share held by eligible shareholders.
This initiative is aimed at improving stock liquidity and rewarding shareholders for their trust.
For investors seeking penny stocks with potential, this move could make Thinkink Picturez more attractive.
100% Dividend Declaration
A proposal for a 100% dividend on equity shares will also be reviewed.
This reflects the company’s strong financial performance and its commitment to enhancing shareholder value.
Hollywood Expansion Plans
Thinkink Picturez aims to enter the global entertainment market by creating a dedicated cinematic universe for Hollywood audiences.
This strategic move seeks to leverage rising demand for interconnected cinematic experiences, positioning the company as a global player in the entertainment industry.
Disclaimer -- This article does not provide any recommendation to investors, it's only for information purpose.