1:2 Bonus issue announcement: Back-to-back upper circuit low price penny stock, company announces bonus issue!
The bonus issue scheme entails the allocation of one additional equity share having a face value of Rs 1 each for every 2 equity shares valued held as of a specified record date.
Incorporated in 1985, Ashirvad Capital Limited operates primarily in the investment sector. The company functions as a Non-Systematically Important Non-Deposit Taking Non-Banking Finance Company. Its core activities involve investments in shares and securities. Additionally, it is involved in the production of carvings made from precious and semi-precious stones, paintings, jewellery, and other related items. The company has made a significant announcement regarding the bonus issue.
Bonus Share Announced by Ashirwad Capital Limited
The company has announced a bonus issue, wherein shareholders will receive one bonus equity share of Rs 1 each for every 2 existing equity shares of held as of a specified record date. These bonus shares are set to be issued from the free reserves generated from the profits of the company as of March 31, 2024. The bonus issue necessitates free reserves of Rs 3,00,00,000 and as of March 31, 2024, the company maintains a balance of Rs 3,44,48,515 in free reserves, meeting the requisite criteria. The company anticipates that the bonus shares will be credited or dispatched within 2 months from the date of the Board's approval, with the target date being July 8, 2024.
The company's pre-bonus paid-up share capital stands at Rs 6,00,00,000, divided into 6,00,00,000 equity shares of Rs 1 each, which will be increased post-bonus to Rs 9,00,00,000, divided into 9,00,00,000 equity shares of Rs 1 each.
Also read 1:10 share split announcement: This low-price NBCF company announces a sub-division; complete details inside!
Share Performance of Ashirwad Capital Limited
On Friday, the company's stock closed at around Rs 6.13 per share on the BSE, with a market capitalisation of Rs 36.78 crore. Additionally, the stock has delivered a return of around 61 per cent in the past one year. It has great potential to deliver multibagger returns in the future.
Investors must keep this penny stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Board Likely to Announce Bonus Issue on June 14, 2024; Heavy Buying, This Hotel Stock Rallied Over 6 per cent; Must Watch!
-
The power of a bonus issue: How Rs 1,000 becomes Rs 1.40 crore and generates multibagger returns of 13,88,285 per cent!
-
Small-Cap Multibagger Company to Announce Bonus Shares; Meeting Scheduled for June 29; Stock Hit Upper Circuit and 52-Week High Today!
-
This Gujarat-Based Engineering Company Likely to Announce Bonus Issue This Month; Promoter Bought 43,053 Shares; Stock Hits Upper Circuit Today!
-
2:1 Bonus Issue: Under Rs 30, This IT Stock Backed by Infibeam Avenues Rallied 20 per cent and Hit Upper Circuit Today; Do You Own It?
-
Board Likely to Announce Stock Split on June 17, 2024; Heavy Buying, Stock Hits Upper Circuit Today; Must-Watch
-
1:2 Bonus issue announcement: Turnaround story as Maharatna PSU company posts stellar profits with 165 per cent dividend!
-
3:1 Bonus Shares Announced by Small-Cap Multibagger Company; Stock Gains Over 250 per cent in Just 1 Year!
-
4:1 Bonus Share & 10:1 Split: Stock Hits Upper Circuit for 13 Consecutive Trading Days; Stock Gains Over 270 Per cent in Just 3 Months Only
-
Penny Stock Under Rs 5: Back-to-Back Upper Circuit Multibagger Stock with 2:1 Bonus Shares and 10:1 Stock Split
-
India's Largest Central Depository to Announce Bonus Issue; Meeting Scheduled for July 2; Stock Gains Over 90 per cent in Just 1 Year!
-
2:1 Bonus Issue & 10:1 Stock Split: Multibagger Penny Stock Under Rs 5 Hits Upper Circuit Today; Keep it on Radar
-
4:1 Bonus Share & 10:1 Stock Split: Heavy Buying Hits Back-to-Back Upper Circuit Stock - Keep on Radar for Monday!
-
5:1 Stock Split & 1:2 Bonus Issue Announced by This Small-Cap Infra Company; Stock Gains Over 670 per cent; Must Watch!
-
2:1 Stock Split & 1:2 Bonus Issue Announced by This Small-Cap Engineering Company; Stock Gains Over 1,100 per cent in Just 2 Years!
-
This Small-cap Company Bags Back-to-Back Orders Worth Rs 24,31,00,000 from Haryana Bijli Vitran Nigam and Punjab State Power Corporation!
-
Small-cap Industrial Pump Manufacturer Bags 12 Orders Worth Rs 14,40,00,000 for Supply of Progressive Cavity Pumps to Biogas Plants; Must Watch
-
Under Rs 100: Small-Cap Company Bags Order from CIPLA, Stock Gains Over 620% in Just 1 Year!
-
Promoter bought 4,21,102 shares: Heavy volume, hit 52-week high today; This debt-free sugar stock rallied over 5 per cent today!
-
6:47 Rights Issue Announcement: This Realty Company Declares Rights Issue Worth Rs 2000 Crore; Stock Gains Over 280 per cent in Just 1 Year