Don't miss out on the action in this multibagger stock which is likely to announce bonus shares!

Don't miss out on the action in this multibagger stock which is likely to announce bonus shares!

Kiran Shroff

Year to date, the stock is up by 90 per cent and generated multibagger returns of 112 per cent in just 1 year.

Focus Business Solutions Ltd that the Meeting of the Board of Directors of the Company will be held Today, July 05, 2023 at the Registered Office of the Company at 703, Rajhans Complex, Nr. Kadiwala School, Ring Road, Surat- 395002, inter- alia following business matters:

1. To decide the day, date, time and venue of the 16th Annual General Meeting of the Company and approve the notice of the 16th Annual General Meeting for the financial year ended March 31, 2023.

3. To approve the draft Annual Report for the Financial Year ended March 31, 2023.

4. To consider the increase in the Authorized Share capital of the company and consequent alteration of Clause V of the Memorandum of Association of the Company, Subject to the approval of the members.

5. To consider and evaluate the proposal for the issue of bonus Shares, subject to the approval of the members and any other requisite approvals.

6. To consider and evaluate the proposal for the formulation of the “Focus Business Solution Limited - Employee Stock Option Scheme (“ESOS”) 2023” of the Company,

7. Other matters with permission of the chairperson.

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Focus Business Solution Ltd in the business of recovery and collections for banks and financial institutions. The company has a market cap of 16 crore. Additionally, the company reported excellent numbers in its Quarterly Results and annual results.

On June 20, 2023, shares of the company were trading at Rs 72 per share, up 7.46 per share. The stock also traded at a new 52-week high of Rs 72 per share. Year to date, the stock is up by 90 per cent and generated multibagger returns of 112 per cent in just 1 year. Investors should keep an eye on this SME stock.

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