Ashish Kacholia’s portfolio multibagger penny stock under Rs 40 with 1,200 per cent returns; Board likely to raise funds via preferential issue for business expansion!

The stock gave multibagger returns of 1,200 returns in 3 years.

DU Digital Global Limited informed that a meeting of the Board of Directors of the company is scheduled to be held on Monday, December 04, 2023, at 03.30 P.M to consider, inter alia following matters:

1. To consider and approve the GRANT of Inter corporate overseas loan to wholly owned subsidiary “Dudigital Global LLC”.
2. To consider and approve the utilisation of funds in future by way of loan, investment or any combination in the subsidiaries or any other company/joint venture/new incorporation.
3. To consider and approve the proposal for raising funds by way of the issue of one or more instruments including equity shares/ convertible securities or warrants on a preferential basis at such price as may be determined following the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, subject to such approvals including the approval of the members of the Company and other regulatory/ statutory approvals as may be required and to transact other businesses with the permission of the Chairman.

DU Digital Global Limited is engaged in managing the human interface between the visa applicant and the technical visa processing unit of the embassy of other countries.
Earlier, the company secured a prestigious contract from the Royal Thai Embassy in New Delhi to handle all visa applications for aspiring travellers to Thailand. Effective October 1, 2023, the company will be responsible for managing and submitting these applications, leveraging its expertise in administrative and non-judgmental tasks related to visas, passports, and identity management. This major win solidifies DU Digital Global's position as a trusted partner for governments globally, recognized for its streamlined processes, stringent security, and exceptional service.

In the current financial year, the company ex-traded bonus share issue in the ratio of 3:1 i.e., 3 new shares for every 1 existing share. The ex-date for the bonus shares was Friday, June 02, 2023.

DU Digital Technology Limited: A financially sound SME with positive financials.

Financials

• Market Cap: Rs 273.35 crore
• Positive half-yearly and annual results
• 52-week high: Rs 77.6
• 52-week low: Rs 27.50
• SME segment stock
• Lot size: 2,000 shares

Ace Investor: Ashish Kacholia holds a significant 4.96 per cent stake (7,20,000 shares)

On Friday, shares of DU Digital Technology Limited gained 0.51 per cent to Rs 39.2 per share with an intraday high of Rs 39.65 and an intraday low of Rs 38.55. The stock gave multibagger returns of 1,200 returns in 3 years.

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