1:1 Bonus Share Announced by This Microcap Infra Company; Promoters Bought 72,17,525 Shares, Stock Hits Upper Circuit Today!

Promoter’s stake increased from 6.54 per cent to 26.65 per cent as per the latest update.

Incorporated in 1995, PVV Infra Limited, categorized as an MSME, operates within the infrastructure sector. At their meeting held today Monday, July 08, 2024, the Board of Directors deliberated and sanctioned a bonus Share issuance.

The Board approved the issuance of 1 (one) Bonus Share for every 1 (one) equity share held by the Company's shareholders as of the 'Record Date'. This issuance is subject to shareholder approval and complies with all necessary statutory and regulatory requirements. The specific 'Record Date' to determine eligible shareholders for receiving bonus shares will be announced in due course. Upon allotment, the Bonus Shares will possess identical rights as the existing Equity Shares, including entitlement to dividends and participation in any subsequent corporate actions.

Read Under Rs 200: Marine and Defence Company Bags Order Worth Rs 50,00,00,000; Stock Hits Upper Circuit Today!

Today PVV Infra Limited shares closed at around Rs 19.99 per share. The company’s current market capitalization stands at Rs 55.13 crore. The stock has delivered a return of around 70 per cent in just 1 year.

As per the Quarterly Results, in the fourth quarter of FY24, PVV Infra Limited recorded a revenue of Rs 12.15 crore. The operating profit for Q4 FY24 stood at Rs 2.15 crore. The net profit for Q4 FY24 was Rs 1.83 crore. Looking at the annual performance, the company generated a revenue of Rs 87.92 crore in FY24, compared to Rs 37.62 crore in FY23. The operating profit for FY24 was Rs 2.51 crore, with a net profit of Rs 3.09 crore.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.