Don’t Miss Action In This NBFC Stock As Board Is Likely To Announce Bonus Shares!

The company has a market cap of Rs 415 crore and the stock is up by 13 per cent from its 52-week low of Rs 480 per share.

Shalibhadra Finance Ltd informed that a meeting of the Board of Directors of the company is scheduled on Thursday, April 24, 2025, at 4.00 p.m., inter alia, to consider and approve the following matters:

1. To consider and approve an increase in the authorised share capital of the company and consequent alteration in the Capital Clause of the Memorandum and Articles of Association of the Company.
2. To consider, recommend and approve the issue of bonus shares to the existing equity shareholders of the company.
3. To adopt and approve the draft notice of an extraordinary general meeting of the company.
4. To fix the day, date and time of the extraordinary general meeting of the company.
5. To appoint a Scrutinizer for conducting the E-voting process for the extraordinary general meeting
6. Any other matter with the permission of the chair.

Incorporated in 1992, Shalibhadra Finance Ltd (SFL) operates as a Non-Banking Financial Company (NBFC) with a strategic focus on rural and semi-urban regions across Gujarat, Maharashtra, and Madhya Pradesh. Through its network of over 42 branches, SFL provides a diverse array of small-ticket asset financing and tailored retail products, including financing for new and used two-wheelers, auto-rickshaws, cars, and consumer durables. With assets under management reaching approximately Rs 130 crore and a customer base exceeding one lakh, the company plays a significant role in facilitating access to finance in these underserved areas.

The company has a market cap of Rs 415 crore and the stock is up by 13 per cent from its 52-week low of Rs 480 per share. Investors should keep an eye on this NBFC stock.

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