675 per cent returns in this multibagger stock; Board likely to announce bonus shares and dividend!

The stock is up by 40 per cent in just 1 year and a whopping 675 per cent over the past 3 years.

Krishana Phoschem Ltd informed that a meeting of the Board of Directors of our Company is scheduled to be held at 12.30 P.M. on Tuesday, August 29, 2023, at Registered Office to consider, inter-alia, and approve the following: -

1. To confirm and approve the minutes of the last meeting.
2. To fix the date of the AGM and approve the draft notice convening the AGM.
3. To fix the book closure dates and record dates for the payment of the final dividend.
4. To authorize to file forms and reports to the Registrar of Companies.
5. To appoint a director in place of Mr Mahendra Kumar Ostwal and re-appoint Mr Praveen Ostwal as Managing Director.
6. To consider and approve an increase in authorized share capital.
7. To consider the proposal to issue bonus shares to the equity shareholders.
8. To consider and approve related party transactions.
9. Any other matters with the consent of the chairman.

Krishna Phoschem Limited, incorporated in 2004, is engaged in the manufacturing of fertiliser and chemicals. The company was acquired by the Ostwal Group in 2007. The company has a market cap of over Rs 1,300 crore and has delivered good profit growth of 49.8 per cent CAGR over the last 5 years.  Additionally, the company reported excellent numbers in its Quarterly Results (Q1FY24) and annual results (FY23).

On Friday, the shares of Krishna Phoschem Ltd surged 2.33 per cent to Rs 439.7 per share with an intraday high of Rs 445 and an intraday low of Rs 424.55. The stock is up by 40 per cent in just 1 year and a whopping 675 per cent over the past 3 years. Investors should keep an eye on this micro-cap stock.

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