Double Dhamaka! Board Likely To Announce Stock Split & Bonus Shares: Debt-Free Penny Stock Under Rs 65 Rockets Over 10 Per Cent
The stock is up by 40 per cent from its 52-week low of Rs 40.23 per share and gave multibagger returns of over 350 per cent in 2 years.
On Friday, one of the Top Gainers on BSE, shares of Achyut Healthcare Ltd rocketed over 10 per cent to Rs 56.50 per share from its previous closing of Rs 51. The stock’s 52-week high is Rs 60.79 and its 52-week low is Rs 40.23.
This is to inform that the meeting of the Board of Directors of the Company will be held on Saturday, October 19, 2024, at the Registered office of the Company to transact the following business:
- To consider and approve the unaudited financial result of the Company for the half year ended on September 30, 2024.
- To consider and approve stock split/sub-division of the face value of equity shares subject to necessary approvals.
- To consider and approve the increase in the authorized capital of the company subject to the approval of the members.
- To recommend and approve the issue of bonus shares post sub-division of shares to the equity shareholders of the company.
- To consider and approve the related party transaction disclosure under regulation 23 (9) of SEBI (Listing Obligations and Disclosure Requirements), 2015 for the half year ended September 30, 2024.
- Any other item with the permission of the Chair and Majority of Directors.
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About the Company
Incorporated in 1996, Achyut Healthcare Ltd is a pharmaceutical trading company dealing in API, pharmaceutical products, medical devices, etc. The company is also in the manufacturing of pharmaceutical formulations in the forms of tablets, capsules, oral liquids and injectables.
Achyut Healthcare, an SME stock, has a market cap of Rs 94.90 crore and as of June 2024, the company is debt-free. The stock is up by 40 per cent from its 52-week low of Rs 40.23 per share and gave multibagger returns of over 350 per cent in 2 years. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.