10:1 Split Announcement: Heavy Buying, Stock Gains Over 600 per cent in Just 6 Months – Complete Details Inside!

The company’s shares have delivered impressive multibagger returns of over 800 per cent to their shareholders in just 1 year.

Incorporated in 1984, Aayush Food and Herbs Limited specializes in trading rice of various varieties, including basmati and non-basmati, within India and overseas markets, particularly in Gulf countries and parts of West Africa.

Today, on Wednesday, June 19, 2024, the Board of Directors convened at the Corporate Office to deliberate and approve several key business decisions:

The subdivision or stock split of the current fully paid-up equity share of Aayush Food and Herbs Limited, changing from 1 equity share with a face value of Rs. 10/- each to 10 equity shares with a face value of Re. 1/- each (10:1 ratio). This amendment to the Memorandum of Association is subject to shareholder approval, with the record date for the split to be determined and communicated to the stock exchanges in due course.

The proposal to increase the Company's Authorized Share Capital from Rs. 3,50,00,000 to Rs. 7,00,00,000, subject to approval from the Company's shareholders and a corresponding alteration in the Memorandum of Association.

Share Performance:

On Wednesday the Aayush Food and Herbs Limited stock closed at around Rs 281.30 per share on the BSE, with a market capitalization of Rs 91.28 crore. Additionally, the stock has delivered a multibagger return of over 800 per cent in the past 1 year only.

As per the shareholding pattern of Aayush Food and Herbs Limited, neither promoters nor Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) hold any stake in the company. The entire 100 per cent ownership rests with public investors.

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

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