Triple Bonanza! Board likely to announce bonus shares, fundraising & dividend: Penny stock at Rs 55.65 locked in upper circuit on July 26
The stock is up by 54.4 per cent from its 52-week low of Rs 36.05 per share.
JFL Life Sciences Ltd informed that the meeting of the Board of Directors of the Company will be held on Friday, August 02, 2024, at the Registered Office of the Company to transact the following businesses:
- To consider an increase in the Authorized share capital of the company.
- To consider and evaluate the proposal for the issue of bonus shares, subject to the approval of the members and any other requisite approvals.
- To explore opportunities of raising funds through various means either by Issuance of Shares/Share Warrants on a preferential basis or through Rights Issue or debt instrument, in one or more tranches, subject to the necessary approvals and by the provision of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time.
- To consider the recommendation of final dividend, if any, on the Equity Shares of the Company, for the year ended March 31, 2024.
- Any other agenda with permission of the chair.
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JFL Life Sciences Limited, a WHO-GMP-certified Indian pharmaceutical company established in 2010, manufactures a diverse range of products including dry powder injections, tablets, capsules, and oral rehydration solutions. With a focus on B-Lactam formulations, the company offers over 320 products across various dosage forms. The company has a market cap of Rs 61.21 crore.
On Friday, shares of JFL Life Sciences Limited were locked in a 5 per cent upper circuit to Rs 55.65 per share from its previous closing of Rs 53. The stock is up by 54.4 per cent from its 52-week low of Rs 36.05 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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