Double Dhamaka! Board Likely to Announce Bonus Shares & Stock Split Next Week: Do You Own This Fintech Stock?
The stock is down 22 per cent from its 52-week high of Rs 172.40 per share while it is up by 96 per cent from its 52-week low of Rs 150 per share.
MOS Utility Ltd informed that the Board meeting of the company is scheduled to be held on Wednesday, June 11, 2025, to consider and approve the following business:
- To increase authorised share capital and the alter of the capital clause in the memorandum of association of the company.
- To consider and approve the proposal for subdivision/ stock split of equity shares of the company having a face value of Rs 10 each, and related matters.
- To consider and approve the proposal for the issue of bonus shares to the equity shareholders of the company and matters related thereto.
- To regularise the Appointment of Additional Independent Director, Mr. Paras Vinod Chhadwa [DIN: 08495208] as an Independent Director of the Company.
- To increase the borrowing powers of the Board of Directors under Section 180 (1) (C) of the Companies Act, 2013.
- To decide the day, date, time and place for the Extraordinary General Meeting (EGM) of the company.
- To offer, Issue and allot equity shares (other than cash) on a preferential basis in consideration for the acquisition of additional shares of subsidiary company(ies).
- Any other item with the permission of the Chair.
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About the Company
MOS Utility Ltd, a fintech company established in 2009, offers a comprehensive Unified Open API and Wallet platform. This platform empowers agents to seamlessly facilitate a wide range of services, including instant money transfers, Aadhaar-enabled payments, Micro-ATM transactions, NSDL Kiosk banking, travel bookings, utility bill payments, insurance purchases, digital entertainment, and courier services. By providing a one-stop solution for diverse financial and lifestyle needs, MOS Utility Ltd aims to simplify everyday transactions and enhance customer convenience.
The company has a market cap of over Rs 700 crore with Rs 18.80 crore debt. The company also reported amazing numbers in its half-yearly results (H2FY25) and annual results (FY25). The company's shares have a PE of 57x, an ROE of 16 per cent and an ROCE of 21 per cent.
According to the shareholding pattern as of March 2025, the promoters own the majority of the stake (49.52 per cent), while FIIs own 16.01 per cent, DIIs own 0.01 per cent and the rest of the stake is owned by the public shareholders i.e., 34.46 per cent. The peers of MOS Utility Ltd are FSN E-Commerce Ventures Ltd, MSTC Ltd, Creative Newtech Ltd, Vasa Denticity Ltd, Macfos Ltd, Nureca Ltd, etc. The stock is down 22 per cent from its 52-week high of Rs 172.40 per share while it is up by 96 per cent from its 52-week low of Rs 150 per share.
Disclaimer: The article is for informational purposes only and not investment advice.