PNN
Mumbai (Maharashtra) [India], June 20: Board of Directors of DJ Mediaprint & Logistics Ltd, leading provider of integrated printing, logistics and courier solutions in India and abroad has approved a 2:1 bonus issue. The board of directors of the company also approved the issuance of increase in authorized share capital of Rs. 15 crores to Rs. 50 crore, subject to shareholder approval.
Company reported highest revenue and profit for FY24; Revenue in FY24 increases 12.83% YoY to Rs. 57.04 crores; Net profit rose 51% YoY in FY24 to Rs. 5.04 crores
The board of directors, at a meeting held on June 18, 2024, approved the issuance of bonus shares through capitalization of free reserves and share premium, to the company's shareholders in the ratio of 2: 1 (2 new shares totally Paid-up equity shares of Rs 10 each for every 1 existing fully paid-up equity share of Rs 10 each held by the eligible shareholders on the record date (to be determined by the Board) subject to approval of the shareholders of the company. .
After the issue of extra shares, the share capital of the company will increase to Rs. 32,48,35,200 (3,24,83,520 equity shares of Rs 10 each) of Rs. 10,82,78,400 (1,08,27,840 equity shares of Rs 10 each). The free shares will be credited to the shareholders' account within 2 months from the date of approval by the Board, i.e. before August 18, 2024.
Dinesh Kotian, CEO of DJ Mediaprint & Logistics Ltd, said: "We are very pleased to announce a 2:1 bonus for our shareholders. The company continues its strong growth trajectory, driven by new orders and good business from existing customers We recently secured an order from Navi Mumbai Police Department for scanning and document management solutions, along with an order of Rs 6 million for bulk printing, shipping and scanning services. Additionally, we strengthened our logistics business with 8 new trailers. With India's GDP growth expected to exceed 7% in FY25, DJML is well prepared to support the nation with strong supply chain, express distribution and logistics solutions.”
Mumbai (Maharashtra) [India], June 20: Board of Directors of DJ Mediaprint & Logistics Ltd, leading provider of integrated printing, logistics and courier solutions in India and abroad has approved a 2:1 bonus issue. The board of directors of the company also approved the issuance of increase in authorized share capital of Rs. 15 crores to Rs. 50 crore, subject to shareholder approval.
Company reported highest revenue and profit for FY24; Revenue in FY24 increases 12.83% YoY to Rs. 57.04 crores; Net profit rose 51% YoY in FY24 to Rs. 5.04 crores
The board of directors, at a meeting held on June 18, 2024, approved the issuance of bonus shares through capitalization of free reserves and share premium, to the company's shareholders in the ratio of 2: 1 (2 new shares totally Paid-up equity shares of Rs 10 each for every 1 existing fully paid-up equity share of Rs 10 each held by the eligible shareholders on the record date (to be determined by the Board) subject to approval of the shareholders of the company. .
After the issue of extra shares, the share capital of the company will increase to Rs. 32,48,35,200 (3,24,83,520 equity shares of Rs 10 each) of Rs. 10,82,78,400 (1,08,27,840 equity shares of Rs 10 each). The free shares will be credited to the shareholders' account within 2 months from the date of approval by the Board, i.e. before August 18, 2024.
Dinesh Kotian, CEO of DJ Mediaprint & Logistics Ltd, said: "We are very pleased to announce a 2:1 bonus for our shareholders. The company continues its strong growth trajectory, driven by new orders and good business from existing customers We recently secured an order from Navi Mumbai Police Department for scanning and document management solutions, along with an order of Rs 6 million for bulk printing, shipping and scanning services. Additionally, we strengthened our logistics business with 8 new trailers. With India's GDP growth expected to exceed 7% in FY25, DJML is well prepared to support the nation with strong supply chain, express distribution and logistics solutions.”
