Multibagger in just 1 year; Board likely to announce bonus share!
The stock is up by 75 per cent in just 6 months and gave multibagger returns of 270 per cent in 1 year.
Veerhealth Care Ltd informed that the meeting of the Board of Directors of the company will be held on Monday, August 14, 2023, at 4.00 P.M. at the Registered Office of the Company at 629-A Gazdar House, pt Floor, J.S.S. Marg, Near Kalbadevi Post Office, Mumbai - 400002, inter alia, to transact the following business:
1) To consider and approve unaudited financial results of the Company for the quarter ended June 30, 2023.
2) To increase the authorized share capital of the company.
3) To issue bonus shares to the equity shareholders of the company.
4) To approve the draft Director's Report for the financial year ending March 31, 2023.
5) To approve the draft notice convening the 31st Annual General Meeting of the company.
6) To fix the book closure date.
7. To appoint a director in place of Mr Yogesh Shah, who retires by rotation.
8. Any other business with the permission of the chair.
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Veer Healthcare Ltd (formerly Niyati Leasing Ltd) is engaged in the business of trading and manufacturing and marketing research-based ayurvedic medicines. The company has a market cap of Rs 39 crore and it's almost debt free.
On Friday, shares of Veer Healthcare Ltd plunged 0.49 per cent to Rs 38.76 per share with an intraday high of Rs 39 and an intraday low of Rs 38.17. The shares of the company saw a spurt in volume by more than 2.19 times on BSE.
The stock is up by 75 per cent in just 6 months and gave multibagger returns of 270 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.