Board Likely to Announce Bonus Shares & Fundraising for Business Expansion Tomorrow: Debt-Free Company Launches Rs 10 Herbal Pan Masala Sachets on Public Demand
The stock gave multibagger returns of 307 per cent in 6 months and a whopping 3,000 per cent in 1 year.
On Monday, shares of Aayush Wellness Ltd gained 2 per cent upper circuit to Rs 100.24 per share from its previous closing of Rs 98.28. The stock also made a 52-week high is Rs 100.24 per share and its 52-week low is Rs 2.98 per share. The company executed a 10:1 stock split with an ex-date of August 05, 2024.
The company informed the exchange that the Meeting of the Board of Directors of Aayush Wellness Limited is scheduled to be held on October 29, 2024, to consider and approve the following matters: -
- Issue of bonus equity shares to eligible shareholders of the company by capitalisation of reserves.
- Fundraising by issue of equity shares, convertible securities or any other securities through a rights issue, private placement and/or qualified institutional placement, for financing business expansion, diversification, fund business acquisitions and/or other requirements of the company.
- To increase the authorised share capital of the company to accommodate the bonus issue and fundraising.
- Any other agenda with permission of the chairman.
Aayush Wellness Limited launches Rs 10 Herbal Pan Masala Sachets on Public Demand
Aayush Wellness Limited, a leading Indian nutrition company, has introduced Rs 10 sachets of its popular Herbal Pan Masala in response to overwhelming consumer and distributor demand. This strategic move aims to empower financially weaker sections of society to adopt healthier alternatives to harmful tobacco-based products. The new sachets will be available in three distinct flavours: Pan Masala, Gutka, and Tobacco + Pan Masala, catering to diverse consumer preferences.
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This launch follows the success of Aayush Wellness's 10-gram herbal pan masala packs, which have gained significant traction among health-conscious consumers. The company is witnessing a remarkable surge in orders, particularly from states with high pan masala consumption, such as Gujarat, Maharashtra, Rajasthan, Uttar Pradesh, and Madhya Pradesh.
Aayush Wellness Herbal Pan Masala has outpaced industry growth, with online revenue increasing by 33% month-on-month in September 2024. The product has also generated significant interest from distributors and resellers across India. This budget-friendly pack will be available both online and offline, further expanding the company's reach and accessibility.
With this launch, Aayush Wellness reinforces its position as a strong contender in the growing market for healthier alternatives, demonstrating its commitment to enhancing consumer wellness and contributing positively to India's cultural heritage.
About Aayush Wellness Limited: (ISO 9000 and 22000 certified company)
Aayush Wellness Limited [BSE scrip code: 539528], established in 1989 is a pioneering name in health and wellness solutions, dedicated to offering products that merge wellbeing with innovation. With a steadfast commitment to quality and consumer well-being, Aayush Wellness continues to lead the industry in promoting healthier lifestyle choices through its diverse range of wellness products.
Aayush Wellness Limited has reported a phenomenal surge in its financial performance for the quarter ended June 30, 2024. The company witnessed a staggering 6,300 per cent year-on-year growth in revenue, reaching Rs 111 lakh compared to Rs 17.35 lakh in the same period last year. This remarkable growth was accompanied by an impressive 183.56 per cent increase in profit after tax, which stood at Rs 25.49 lakh, up from Rs 8.98 lakh in the corresponding quarter of the previous year. Earnings per share also soared by 184 per cent to Rs 0.79 from Rs 0.28. The company attributed this exceptional performance to the expansion of its product portfolio and strong market response across its healthcare and wellness segments.
The company has a market cap of Rs 325 crore and it is debt-free. The stock gave multibagger returns of 307 per cent in 6 months and a whopping 3,000 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.