Multibagger small-cap stock below ₹100: Dividend stock hits 52-week. Board to consider interim dividend today
Small-cap stock below ₹100: Xchanging Solutions shares are one of the multibagger stocks that Indian stock market has produced in post-Covid bounce back. The small-cap stock with a market cap of around ₹1,000 crore witnessed strong buying interest during early morning deals and climbed to a new 52-week high of ₹93.65 on NSE.
Xchanging Solutions share price today opened with upside gap and went on to hit a new 52-week high within few minutes of stock market's opening on Monday. Incidentally, the board of directors of this multibagger stock is going to consider and approve interim dividend for the financial year 2023-24 in the board meeting scheduled today.
The small-cap company has informed Indian stock market bourses about the board meeting and its agenda. Informing Indian bourses about the proposal to consider interim dividend, small-cap stock below ₹100 said, "The meeting of the Board of Directors of the Company is scheduled on 10/07/2023 ,inter alia, to consider and approve In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that a Meeting of the Board of Directors of Company will be held on Monday, July 10, 2023, inter-alia, to consider and recommend to the Shareholders for approval and payment of interim dividend, if any, for the financial year 2023-24 in the upcoming Annual General Meeting.
Further, in the continuation to Company's letter vide no. XSL/SE/2023-24/13 dated June 21, 2023 regarding closure of Trading Window, the 'Trading Window' for dealing in the Company's Securities was closed from June 21, 2023 and shall remain closed till 48 (forty-eight) hours after the announcement of the Financial Results of the Company for the quarter
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