Penny stock, Feb. 7 -- MURAE Organisor, a pharmaceutical company specialising in the marketing, trading, and distribution of a diverse range of pharmaceutical formulation products, announced on Friday, February 7, through an exchange filing that its Board of Directors will meet on February 13, 2024, to discuss a potential stock split and bonus issue.

If approved, this would mark the company's second bonus issue, following the previous announcement in 2021, in a 1:1 ratio. It would also be the company's second stock split, having previously reduced the face value of its shares from Rs.10 to Rs.2 in 2021. The stock has been trading on an ex-split basis since December 2021.

Currently, the company's shares are trading at Rs.1.77 apiece, ref...