Inactive Company Shocks Market: 23 Free Shares for Every Shareholder!

• Magnanimous Trade & Finance Limited approved an unprecedented 23:1 bonus share issue.
• Shareholders holding 1 share on January 2, 2026 (record date) will receive 23 new bonus shares.
• The company's shares are currently not actively traded, with the last transaction on August 9, 2024, at Rs 5.64.
• A total of 2,18,83,764 fully paid-up bonus equity shares, each with a face value of Rs 10, will be issued for free.
• This decision significantly increases shareholder holdings and the company's paid-up capital, aiming to boost confidence.

Why It Matters: Inactive company's 23:1 bonus share issue creates market buzz, rewarding shareholders with free shares.