New Delhi, June 3 -- Shares of Murae Organisor, a low-priced penny stock, surged sharply and were locked in a 5 percent upper circuit at Rs.1.95 during intra-day trade on Tuesday, June 3. The rally came after the company informed exchanges that its board will meet on June 13, 2025, to consider a slew of shareholder-friendly proposals including a bonus issue of equity shares and a dividend payout for the financial year 2024-25.

In a regulatory filing, Murae Organisor said its board is scheduled to discuss and approve the declaration of a dividend of up to 100 percent of the face value of equity shares for the year ended March 31, 2025. If approved, this dividend would reflect the company's significantly improved financial performance duri...