Debt-free multibagger penny stock under Rs 30 with 14,750 per cent returns; Board likely to announce stock split this week!

The stock gave multibagger returns of 1,835 per cent in 3 years and a whopping 14,750 per cent in 5 years.

J Taparia Projects Ltd informed that the meeting of the Board of Directors of the company, which was scheduled today August 28, 2024, is now postponed and further rescheduled to be held on Saturday, August 31, 2024, to consider inter-alia and approved the following matters: matters:

1. To increase the authorized share capital of the company and subsequent alteration to the Memorandum of Association of the company.
2. To consider and approve the proposal for sub-division / split of existing Equity Shares of the Company, having a Face Value of Rs 10 each, fully paid up, in such manner as may be determined by the Board of Directors, subject to the approval of Shareholders of the Company and/or any other regulatory/statutory approvals (if any) as may be required under Section 61 of The Companies Act, 2013.
3. To fix the day, date and time of the Annual General Meeting for the financial year 2023-24.
4. To fix the book closure date for the Annual General Meeting for the financial year 2023-24.
5. To approve the notice of the Annual General Meeting, along with other related documents for the forthcoming Annual General Meeting of the company for the financial year ended on March 31, 2024.
6. Any other matter with the permission of the chair.

J. Taparia Projects Ltd, established in 1980, offers a diverse range of services for various project types. The company specializes in managing and maintaining mills for jute, cotton, wool and fiber as well as trading and manufacturing yarns and cloth. Additionally, J. Taparia Projects Ltd engages in investment activities, shares and securities trading, and provides comprehensive financing solutions, including housing finance. The company's primary focus is on delivering high-quality services to both private and government projects.

On Wednesday, shares of J. Taparia Projects Ltd hit a 5 per cent upper circuit to Rs 29.70 per share from its previous closing of Rs 28.29 with a spurt in volume by more than 9 times on BSE. The stock's 52-week high is Rs 77.84 and its 52-week low is Rs 24.67. The company has a market cap of Rs 47.3 crore and the company is debt-free. The stock gave multibagger returns of 1,835 per cent in 3 years and a whopping 14,750 per cent in 5 years.

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

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