Penny Stock Under Rs 30; Board Likely to Announce Dividend & Raise Funds via Preferential Issue
Board to Discuss Dividend, Fundraising, and Stock Split in Upcoming Meeting
Julien Agro Infratech Limited (JAIL) has announced a Board meeting on January 16, 2025, at 1:30 PM. The meeting will review the company’s unaudited financial results for Q3 and the nine months ending December 31, 2024.
dividend Announcement Expected
The Board will consider a second interim dividend for FY 2024-25. This decision will be based on the total issued, subscribed, and paid-up capital of the company, offering potential benefits to its shareholders.
Fundraising Through Preferential Issue
The company plans to raise funds via the preferential issue of warrants. These will be offered to individuals from the non-promoter group and Foreign Institutional Investors (FIIs), aiming to support the company’s growth plans.
Change in Object Clause
JAIL will also discuss a change in its Memorandum of Association by adding a new clause. This adjustment will align the company’s objectives with its evolving business strategies.
stock split Record Date
The company has set January 6, 2025, as the record date for the sub-division of its equity shares. Shares with a face value of Rs 10 will be split into shares of Rs 5 each, enhancing liquidity and affordability.
DSIJ offers a service 'Flash News Investment' with recommendations for Profit-making Ideas for You (Weekly) based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Transition to Agriculture
Established in 1997, JAIL initially focused on construction and infrastructure projects. In FY23, it shifted to manufacturing and trading agricultural products. This led to the name change from Silverpoint Infratech Limited to Julien Agro Infratech Limited in August 2023.
Disclaimer: The article is for informational purposes only and not investment advice.
Related articles
-
Cables & conductors penny stock at Rs 50 bags 2 purchase orders worth Rs 14,72,52,000 from a reputed client of cable industry
-
Penny Stock Under Rs 50 & Rs 200.48 Crore Order Book: Company Bags Order Worth Rs 6,00,43,526 from Naandi Infratech Pvt Ltd
-
Rs 1,313.08 Crore Order Book: Construction Company Bags New Order of Rs 32,03,72,545 from National Highways Authority of India (NHAI)
-
Food products company approves loans and equity investments totalling over Rs 53 crore for subsidiary expansions and new facilities
-
Markets Rebound Sharply: Sensex Jumps 1,650 Points, Nifty Surges 525 Points in the Week Ending 27 June 2025