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.
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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.