Promoter sold 15,000 shares: Penny stock under Rs 20 hit lower circuit for 3rd consecutive day; Board likely to announce stock split!

The stock is up by 9.60 per cent from its 52-week low of Rs 16.50 per share.

On Friday, shares of U.H. Zaveri Ltd plunged 2 per cent to Rs 18.08 per share from its previous closing of Rs 18.44. The stock’s 52-week high is Rs 72.33 per share and its 52-week low is Rs 16.50 per share. The stock has been hitting lower circuits for the 3^rd consecutive day.

U.H. Zaveri Limited informed that a meeting of the Board of Directors of the Company will be held on Thursday, September 05, 2024, inter-alia:

1. To fix the date and time of the upcoming Annual General Meeting of the company for the year 2024.
2. To consider and approve the Directors report and notice of AGM.
3. To take note of the resignation of Mr Manojbhai Sureshchandra Shah, Independent Director of the company.
4. To consider the proposal for an increase in the Authorised Share capital of the company.
5. To consider and approve the proposal of sub-division/stock split of the equity shares of the company in such manner as may be determined by the Board of Directors.
6. Any other matter with the permission of the chair.

U.H. Zaveri Limited produces and distributes jewellery products. The company offers products such as bangles, rings, pendants, necklaces, earrings, chains, nose pins and bracelets. U.H. Zaveri markets its products in India. The company has a market cap of Rs 18.43 crore. The promoters of the company sold 15,000 shares and decreased their stake to 45.27 per cent in June 2024 compared to 45.41 in March 2024. The stock is up by 9.60 per cent from its 52-week low of Rs 16.50 per share.  

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

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