SYNOPSIS: A company involved in trading in commodities fixed 15th May 2026, as the record date for its proposed 1:6 bonus issue, subject to shareholder approval through postal ballot and e-voting as per regulations.
During Wednesday’s trading session, shares of a company involved in trading in commodities, including agro-based and precious metals, and other goods in present and future markets, surged nearly 18 percent on BSE, after fixing a record date for a 1:6 bonus issue.
With a market cap of Rs. 52.3 crores, shares of Biogen Pharmachem Industries Limited are currently trading in the green at Rs. 0.58 on BSE, up by around 14 percent, as against its previous closing price of Rs. 0.51. The stock has delivered negative returns of around 41 percent in one year, and has fallen by about 11 percent in the last one month.
What’s the News
According to the latest disclosures on the BSE, Biogen Pharmachem Industries Limited has announced Friday, 15th May 2026, as the record date to determine shareholders eligible for the proposed bonus issue.
The company plans to issue bonus equity shares in the ratio of 1:6, meaning shareholders will receive one new fully paid-up equity share of Rs. 1 each for every six existing shares held of Rs. 1 each fully paid up. The proposal remains subject to shareholder approval, which is being sought through a postal ballot process, including e-voting, in line with applicable regulatory requirements.
Financials & More
Biogen Pharmachem reported a decline in revenue from operations, experiencing a year-on-year decrease of around 50 percent, from Rs. 2.38 crores in FY24 to Rs. 1.2 crores in FY25. Meanwhile, the company reported a net loss of Rs. 0.3 crores from a profit of Rs. 1.93 crores, over the same period.
Biogen Pharmachem Industries Limited invests and trades in shares and securities. It trades in commodities, including agro-based and precious metals, and other goods in present and future markets. The company also provides stock broking and consulting services. In addition, it generates, trades, and sells wind power.
As of 31st March 2009, the company had started trading operations and business in commodities, both in agro-based and precious metals, and other goods in present and future markets. During the fiscal year ended 31st March 2009, the company was exploring opportunities to do the business of import, export and trading in gold, silver and other precious metals, including diamond. The company is also diversifying its business activities in the power sector by establishing a wind power generation plant.
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