1:1 Bonus First-Ever Announced by Gujarat-Based Stock: Promoters Waive Their Dividend for Expansion – Don’t Miss Action in This Stock!
1:1 Bonus First-Ever Announced by Gujarat-Based Stock: Promoters Waive Their Dividend for Expansion – Don’t Miss Action in This Stock!

1:1 Bonus First-Ever Announced by Gujarat-Based Stock: Promoters Waive Their Dividend for Expansion – Don’t Miss Action in This Stock!

Notably, the Promoter Group, which holds 60.18 per cent of the company's shares, has waived its dividend for FY2023-24 to support the company's upcoming expansion plans.

Karan Dsij Article rating: 3.9

During its Annual General Meeting, the company approved the issuance of bonus equity shares in the ratio of 1:1, meaning one bonus share of Rs. 2 each for every existing share of the same value held by shareholders as of the record date

Madhusudan Kela-backed multibagger small-Cap financial service stock; Set to announce bonus shares soon!
Madhusudan Kela-backed multibagger small-Cap financial service stock; Set to announce bonus shares soon!

Madhusudan Kela-backed multibagger small-Cap financial service stock; Set to announce bonus shares soon!

Now, here comes an interesting fact - ace investor Madhusudan Murildhar Kela holds 12.06 per cent shares of the company.

Karan Dsij Article rating: 3.7

The last bonus the company had announced was in 2022 in the ratio of 1:1, and the stock has delivered multibagger returns from the lows of December 2022 of around Rs 118 per cent.

Don’t miss action in this small-cap stock that has announced bonus shares!
Don’t miss action in this small-cap stock that has announced bonus shares!

Don’t miss action in this small-cap stock that has announced bonus shares!

As of September 2022, the promoter owns the majority of the company's shares (67.22 per cent), with the remaining public shareholders (32.78 per cent) owning the remaining shares.  

Kiran Shroff Article rating: 4.3

As of September 2022, the promoter owns the majority of the company's shares (67.22 per cent), with the remaining public shareholders (32.78 per cent) owning the remaining shares.  

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Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
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