2:1 bonus shares, 1:10 stock split: Multibagger small-cap stock sets record date. Details here
2:1 bonus shares, 1:10 stock split: Shares of Sarveshwar Foods Ltd are of the multibagger stocks that Indian stock market has delivered in recent years. This small-cap stock is one of those stocks that has delivered whopping return to its positional shareholders in post-Covid rebound.
After bottoming out at ₹8.45 in April 2020, this small-cap multibagger penny stock has surged to the tune of ₹124 apiece levels, delivering around 1,350 per cent return to its shareholders. However, this is not the end of cheer for this multibagger shareholders.
The small-cap stock has declared issuance of bonus share and stock split. The board of directors of the small-cap company has declared bonus shares in 2:1 ratio whereas stock split in 1:10 ratio.
On Thursday, the company board set record date for bonus shares and stock split on 5th September 2023 as well. The multibagger stock informed about bonus share and stock split record date citing, "In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that pursuant to the shareholders’ approval obtained in the Extra-ordinary General Meeting held on August 24, 2023, the Board of Directors vide resolution by circulation dated August 24, 2023 has fixed, Tuesday, September 05, 2023 as the "Record Date" for the purpose of; a) Sub-division of face value of Equity Shares (all the Authorized, Issued, Subscribed and Paid-up Equity Shares of nominal value of Rs.
10/- (Rupees Ten Only) each shall stand sub-divided into 10 (Ten) Equity Shares of nominal value of Re. 1/-(One Rupee) each fully paid-up and; b) ascertaining the eligibility of securityholders entitled for issuance of Bonus Equity Shares of the Company in the ratio of 2:1
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