Multibagger Penny Stock Below Rs 25; Board Likely to Announce Bonus Shares
The stock is up by 43.8 per cent from its 52-week low of Rs 21.21 per share and has given multibagger returns of over 700 per cent in 5 years.
Abate AS Industries Limited informed that the Meeting of the Board of Directors of the company is rescheduled on June 17, 2025 inter alia for the following agenda:
- To fix the day, date, and time for the ensuing Annual General Meeting for the financial year 2024-25.
- To consider and approve the Notice of AGM, Board’s Report, and Secretarial Audit Report.
- To fix the date for book closure.
- To appoint Lakshmmi Subramanian & Associates as Scrutinizer for conducting the E-voting process for the ensuing Annual General Meeting.
- To appoint intermediate agencies like CDSL/NSDL for E-Voting.
- To consider and approve the proposal of an increase in the authorised share capital of the Company and subsequent alteration to the Memorandum of Association of the Company. if needed, subject to necessary approval.
- To consider and approve the proposal for the issuance of fully paid-up bonus equity shares to the members of the Company, subject to necessary approval.
- Any other business with the permission of the chair.
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About the Company
ABATE AS INDUSTRIES LTD, the first BSE-listed company from North Kerala, aims to be a trusted conglomerate that delivers superior value to all associated parties, guided by core values such as Integrity, Innovation, Value Centricity, Excellence, and an Entrepreneurial Spirit. The company operates eye hospitals, optical stores, and educational institutions across Kerala and Tamil Nadu, providing world-class eye care services and education to the community. Notably, it established Kerala's first approved BSc Optometry program and multiple optometry colleges, significantly contributing to the healthcare sector in India.
The company has a market cap of Rs 167.14 crore. The stock is up by 43.8 per cent from its 52-week low of Rs 21.21 per share and has given multibagger returns of over 700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.