Don’t Miss Action In This NBFC Stock As Board Is Likely To Announce Bonus Shares!
The company has a market cap of Rs 415 crore and the stock is up by 13 per cent from its 52-week low of Rs 480 per share.
Shalibhadra Finance Ltd informed that a meeting of the Board of Directors of the company is scheduled on Thursday, April 24, 2025, at 4.00 p.m., inter alia, to consider and approve the following matters:
- To consider and approve an increase in the authorised share capital of the company and consequent alteration in the Capital Clause of the Memorandum and Articles of Association of the Company.
- To consider, recommend and approve the issue of bonus shares to the existing equity shareholders of the company.
- To adopt and approve the draft notice of an extraordinary general meeting of the company.
- To fix the day, date and time of the extraordinary general meeting of the company.
- To appoint a Scrutinizer for conducting the E-voting process for the extraordinary general meeting
- Any other matter with the permission of the chair.
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Incorporated in 1992, Shalibhadra Finance Ltd (SFL) operates as a Non-Banking Financial Company (NBFC) with a strategic focus on rural and semi-urban regions across Gujarat, Maharashtra, and Madhya Pradesh. Through its network of over 42 branches, SFL provides a diverse array of small-ticket asset financing and tailored retail products, including financing for new and used two-wheelers, auto-rickshaws, cars, and consumer durables. With assets under management reaching approximately Rs 130 crore and a customer base exceeding one lakh, the company plays a significant role in facilitating access to finance in these underserved areas.
The company has a market cap of Rs 415 crore and the stock is up by 13 per cent from its 52-week low of Rs 480 per share. Investors should keep an eye on this NBFC stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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