Multibagger Penny Stock Below Rs 25; Board Announces 1:1 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 announced that its Board of Directors, at a meeting held on Tuesday, June 17, 2025, approved a 1:1 bonus issue of fully paid-up equity shares. This means for every one existing equity share of Rs 10, shareholders will receive one additional fully paid-up bonus equity share of Rs 10. A total of 7,88,03,228 new equity shares will be issued, capitalising Rs 78,80,32,280 from the company's Reserve and Surplus Account and Securities Premium Account as of March 31, 2025. Consequently, the company's paid-up share capital will increase from Rs 78,80,32,280 to Rs 157,60,64,560. This significant move, subject to shareholder approval, will also see an increase in the authorised share capital from Rs 95 crore to Rs 158 crore.
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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.