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Category: Split

  • Mayukh Dealtrade Ltd Announces 3:5 Bonus Issue to Reward Shareholders

    Mayukh Dealtrade Ltd Announces 3:5 Bonus Issue to Reward Shareholders

    Mayukh Dealtrade Ltd, a penny stock priced under ₹3, has announced a bonus issue to reward its shareholders and improve stock liquidity. The company plans to issue bonus shares in a 3:5 ratio, meaning shareholders will receive three additional shares for every five shares they hold.

    Key Details of the Bonus Issue

    Bonus Ratio: 3:5
    Shareholders will receive three bonus shares for every five shares held, with a face value of ₹1 per share.

    Record Date:
    The record date to determine eligible shareholders for the bonus shares is Friday, January 17, 2025.

    Objective:

    • Reward existing shareholders.
    • Enhance stock liquidity in the market.

    Capital Increase:
    The bonus issue will raise the company’s equity share capital from ₹12 crore to ₹19.2 crore by capitalizing its Securities Premium Account.

    Recent Corporate Actions

    Stock Split:

    • In October 2024, the company reduced its share face value from ₹5 to ₹1 in a 5:1 ratio.
    • Earlier, it had split shares from ₹10 to ₹5 in a 2:1 ratio.

    Company Background

    Established in 1980, Mayukh Dealtrade Ltd (Sattva Sukun Lifecare) operates in portfolio management and aroma product manufacturing. The company produces various aroma-related products, including aroma burners and camphor sticks.

    Notable Milestones:

    • In July 2021, the company launched the Brilliance with Timer Aroma Burner, expanding its product line.
    • It acquired a 60% stake in Mayukh Medi Care Private Limited, diversifying into medical and general store sectors.
    • Recently, the company secured a significant order from Mangalam Brands Pvt Ltd for 10,000 units of its Mayukh Electric Kapoor Dani (Wooden), highlighting growing demand for its products.

    Market Implications

    This bonus issue reflects Mayukh Dealtrade’s strategy to attract more investors by making its stock more affordable and liquid. With a history of shareholder-friendly actions, such as stock splits and strategic acquisitions, the company is building a reputation for creating value for its investors.

    Shareholders holding shares as of January 17, 2025, will benefit from this corporate action. As Mayukh Dealtrade continues to innovate and make strategic decisions, this bonus issue reinforces its commitment to enhancing shareholder value.

    Disclaimer: This article is for informational purposes only and should not be considered investment advice.

  • B N Rathi Securities Announces Stock Split and Bonus Issue

    B N Rathi Securities Announces Stock Split and Bonus Issue

    B N Rathi Securities Ltd., a well-known micro-cap stockbroking firm, has unveiled a double reward for its shareholders, announcing both a stock split and a bonus issue. These corporate actions are aimed at enhancing liquidity and rewarding investors, marking a significant milestone for the company.

    Details of the Stock Split and Bonus Issue

    Stock Split

    • Ratio: 1:2
      Each equity share with a face value of Rs 10 will be split into two equity shares, each with a face value of Rs 5.
    • Purpose: The stock split is intended to make shares more affordable, increase liquidity, and broaden the shareholder base.

    Bonus Issue

    • Ratio: 1:1
      For every one equity share held on the record date, shareholders will receive one bonus share. This bonus is extended to all equity shareholders, including holders of outstanding warrants convertible into equity shares as of the record date.
    • Objective: The bonus issue serves to reward shareholders and increase shareholding without any additional investment from them.

    Record Date

    The record date for both the stock split and bonus issue has been fixed as Friday, January 24, 2025.

    About B N Rathi Securities Ltd.

    Founded in 1985, B N Rathi Securities Ltd. specializes in securities broking, depository operations, and institutional equities. With a robust presence across India, the company offers a comprehensive suite of investment services, including:

    • Equity and Derivatives Trading
    • IPO Participation
    • Currency Trading
    • Mutual Fund Investments

    Strategic Implications

    The stock split is designed to:

    1. Enhance Affordability: By reducing the per-share price, more retail investors can participate.
    2. Boost Liquidity: Increased share volume in the market makes trading easier and more efficient.

    The bonus issue:

    1. Rewards Shareholders: Provides additional shares at no cost to investors, effectively increasing their holdings.
    2. Reflects Confidence: Demonstrates the company’s strong financial health and commitment to shareholder value.

    B N Rathi Securities’ announcement of a stock split and bonus issue underscores its commitment to enhancing shareholder value and accessibility. With a strong financial performance and a history of multibagger returns, the stock remains a compelling choice for investors seeking opportunities in the micro-cap space.

    As the record date approaches, market participants should closely monitor this stock, which continues to outperform benchmarks and deliver exceptional returns.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Nava Ltd Announces Stock Split to Boost Liquidity

    Nava Ltd Announces Stock Split to Boost Liquidity

    Nava Ltd, a prominent small-cap stock and a leading player in ferroalloy manufacturing, has announced its decision to implement a stock split. This marks the company’s second such corporate action since its inception, demonstrating its commitment to enhancing liquidity and accessibility for investors.

    Key Details of the Stock Split

    Stock Split Ratio: 1:2

    – Each equity share with a face value of ₹2 will be split into two shares with a face value of ₹1.

    Objective:

    • Increased Accessibility: By lowering the share price, the company aims to make its stock more affordable for retail investors.
    • Enhanced Liquidity: A higher number of outstanding shares in the market can result in improved trading activity.

    Record Date: 20th January is the record date determined for shareholder eligibility.

    Financial Performance Highlights

    Q2 FY 2024-25 Results:

    • Consolidated PAT: ₹331.97 crore, a 71.7% YoY growth compared to ₹193.22 crore in the same period last year.
    • Revenue: ₹900.48 crore, a slight decline from ₹921.98 crore in Q2 FY 2023-24.

    About Nava Ltd

    Founded in 1972, Nava Ltd., formerly known as Nava Bharat Ferro Alloys Ltd, has evolved into a diversified multinational corporation. Its operations span multiple sectors, including:

    • Metals and Mining
    • Power Generation
    • Commercial Agriculture
    • Healthcare

    With a robust production capacity of 180,000 TPA in ferroalloys and 264 MW of power generation, Nava Ltd. has also expanded its footprint internationally, notably in Zambia and Southeast Asia.

    Significance of the Stock Split

    The board’s decision to implement a stock split underscores its strategic focus on shareholder value and sustainable growth. By making shares more accessible and increasing liquidity, the company aims to attract a broader investor base while maintaining its momentum as a top-performing stock in the small-cap space.

    As the company continues to deliver strong financial results and expand its operations, the stock split aligns with its long-term vision of fostering growth and inclusivity in its investor community.

    Nava Ltd.’s announcement of its second stock split is a testament to its strategic agility and investor-centric approach. With impressive financial growth and a history of multibagger returns, the company is well-positioned to continue its upward trajectory in the market.

    Investors should monitor upcoming updates, particularly the announcement of the record date, to make the most of this corporate action.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Shardul Securities Ltd Announces Stock Split to Enhance Liquidity

    Shardul Securities Ltd Announces Stock Split to Enhance Liquidity

    Shardul Securities Ltd, a prominent micro-cap company in the financial services sector, has announced its first-ever stock split, aimed at increasing the affordability and liquidity of its shares. The company has fixed January 13, 2025, as the record date to determine shareholder eligibility for the stock split.

    Stock Split Details

    The company has approved the sub-division of its equity shares in a 5:1 ratio, where each share with a face value of Rs 10 will be split into five shares with a face value of Rs 2. This development was approved by the company’s equity shareholders during the Extraordinary General Meeting held on December 24, 2024 and January 13th was determined as the record date for eligible shareholders. 

    The stock split aligns with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reflects Shardul Securities’ commitment to improving stock accessibility for a broader range of investors.

    About Shardul Securities Ltd

    Founded in 1985, Shardul Securities Ltd, formerly known as Shriyam Securities & Finance Limited, is the flagship company of the Shriyam Group. The company is registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company (NBFC) and is listed on the Bombay Stock Exchange (BSE).

    With branches in Pune, Ahmedabad, Bangalore, and Delhi, the company offers a wide range of services, including:

    • Debt and Equity Investments
    • Merchant Banking
    • IPO Funding
    • Advisory Services
    • Stock Broking

    Shardul Securities is recognised for its consistent performance and diversified financial activities.

    Financial Performance Highlights

    Shardul Securities has reported strong financial results in recent quarters:

    Q2 FY25 Highlights (September 2024)

    • Net Sales: Rs 36.57 crore, up 36% YoY from Rs 26.89 crore in Q2 FY24.
    • Net Profit: Rs 25.86 crore, marking a 63.87% YoY increase from Rs 15.78 crore in the year-ago period.
    • EBITDA: Rs 33.27 crore, a 34.59% YoY growth compared to Rs 24.72 crore in Q2 FY24.

    These figures reflect the company’s robust operational efficiency and strong market positioning.

    With a solid financial track record and a strategic focus on growth, Shardul Securities Ltd continues to strengthen its position in the financial services sector. The upcoming stock split represents a significant milestone in the company’s history and reflects its commitment to rewarding shareholders while increasing market accessibility.

    Investors are advised to keep a close watch on Shardul Securities as it moves forward with this landmark decision.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Algoquant Fintech Ltd. Announces Bonus Issue to Reward Shareholders

    Algoquant Fintech Ltd. Announces Bonus Issue to Reward Shareholders

    Algoquant Fintech Ltd, a leading player in algorithmic trading and fintech solutions, has announced the issuance of bonus equity shares to its shareholders. The company has set January 8, 2025, as the record date to determine shareholder eligibility for the bonus issue.

    Under the approved Scheme of Arrangement, the bonus shares will be issued in a 1:2 ratio, meaning shareholders will receive one additional share for every two shares held. This move underscores the company’s commitment to enhancing shareholder value while increasing liquidity in the stock market.

    Scheme of Arrangement

    The bonus issue is part of a larger Scheme of Arrangement involving:

    • Growth Securities Private Limited (Demerged Company),
    • Algoquant Investments Private Limited (Amalgamating Company), and
    • Algoquant Fintech Limited (Resulting Company).

    This scheme was approved by the National Company Law Tribunal (NCLT), Ahmedabad, on October 3, 2024, in accordance with provisions of the Companies Act, 2013.

    Financial Performance Highlights

    Algoquant Fintech has displayed robust financial growth in recent quarters, driven by its strong focus on technology-driven trading solutions. Quarterly Performance (Q2 FY25):

    • Revenue: ₹21.77 crore, up by 96.85% YoY from ₹11.06 crore in Q2 FY24.
    • Net Profit: ₹1.15 crore, reflecting a significant 167% YoY growth from ₹0.43 crore in Q2 FY24.
    • EBITDA: ₹2.87 crore, marking a 71.86% increase YoY compared to ₹1.67 crore in the same quarter last year.

    These impressive figures underscore Algoquant’s ability to leverage technology for consistent financial performance in the competitive fintech landscape.

    About Algoquant Fintech Ltd

    Founded in 1962 as Hindustan Everest Tools Limited, the company rebranded as Algoquant Fintech Limited in 2022 to focus on cutting-edge fintech innovations. Headquartered in Ahmedabad, Gujarat, Algoquant is a pioneer in:

    • Algorithmic Trading
    • Hedged Derivatives Arbitrage
    • Low-Risk Arbitrage
    • High-Frequency Trading

    Strategic Outlook

    The announcement of the bonus issue reflects Algoquant’s strong position in the market and its intent to reward its investors. By increasing the number of outstanding shares, the company aims to:

    1. Boost market liquidity.
    2. Attract retail investors.
    3. Enhance shareholder wealth.

    The bonus share issuance further reinforces its reputation as a forward-thinking company committed to delivering value to its shareholders.

    Investors and market participants are optimistic about the company’s future as it continues to leverage technology to redefine the financial trading landscape in India.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • AA Plus Tradelink Ltd. Announces 10:1 Stock Split to Enhance Liquidity

    AA Plus Tradelink Ltd. Announces 10:1 Stock Split to Enhance Liquidity

    AA Plus Tradelink Ltd, a notable player in the metals and alloys trading industry, has declared a significant corporate action by announcing its first-ever stock split. The move aims to increase market participation by making shares more accessible to retail investors while boosting liquidity.

    The company has decided to split its equity shares such that one equity share with a face value of ₹10 will be divided into 10 equity shares with a face value of ₹1 each. The record date for determining shareholder eligibility for this stock split is set as January 8, 2025.

    Details of the Stock Split

    • Current Face Value: ₹10 per share.
    • New Face Value: ₹1 per share.
    • Split Ratio: 10:1 (one share splits into ten).
    • Record Date: January 8, 2025.

    This decision, approved by shareholders via postal ballot on December 19, 2024, aligns with the company’s vision to broaden investor participation and make its equity shares more affordable.

    Financial Highlights

    AA Plus Tradelink Ltd. has demonstrated consistent financial improvement, showcasing resilience in a competitive market:

    • Net Sales: ₹12.47 crore for Q2 FY25, reflecting a robust 39% YoY growth from ₹8.97 crore in Q2 FY24.
    • Net Profit: ₹0.28 crore for Q2 FY25, slightly higher than ₹0.27 crore in the same quarter of the previous year.
    • Profit Before Depreciation and Taxes (PBDT): ₹0.39 crore in Q2 FY25, up from ₹0.37 crore in Q2 FY24.

    The company’s ability to expand its revenue base while maintaining operational efficiency underscores its growth potential.

    About AA Plus Tradelink Ltd.

    Established in 2016, AA Plus Tradelink Ltd. specializes in trading a wide array of products, including:

    • Metals: Aluminium bars, rods, profiles, and powder.
    • Graphite Products: Rods, cubes, plates, and scrap.
    • Iron and Steel: G.I. pipes, M.S. pipes, and sheets.

    The company also provides turnkey solutions, such as supplying and fitting aluminium windows with glass, catering to construction and infrastructure projects.

    Over the years, the company has improved its operational efficiency, reducing debtor days from 110 to 60.4 days, reflecting better financial discipline and credit management.

    With steady financial growth and a diverse product portfolio, the company is positioned for sustained success.

    Investors are optimistic about the future prospects of this small-cap company as it continues to make significant strides in its operational and financial performance.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Jagsonpal Pharmaceuticals Announces 2:1 Stock Split

    Jagsonpal Pharmaceuticals Announces 2:1 Stock Split

    Jagsonpal Pharmaceuticals, a well-established small-cap player in the pharmaceutical sector with a market capitalization of ₹1,904 crore, has revealed the record date for its first-ever stock split. This strategic move aims to improve stock liquidity and make the shares more accessible to a broader base of investors, further enhancing market participation. 

    Details of the Stock Split

    • Current Face Value: ₹5 per share.
    • New Face Value: ₹2 per share.
    • Stock Split Ratio: 2:1 (each share will split into two).
    • Record Date: January 8, 2025.

    The announcement came after shareholder approval via a postal ballot on December 11, 2024, and subsequent ratification by the Board of Directors on December 17, 2024. The subdivision reflects the company’s long-term vision to attract new investors while increasing trading activity and liquidity in its stock.

    Financial Performance

    Jagsonpal Pharmaceuticals has demonstrated remarkable growth over recent quarters:

    • Q2 FY25 Net Profit: ₹11.46 crore, reflecting a 53.41% increase from the same period last year.
    • Q2 FY25 Revenue: ₹74.69 crore, up 29.15% from ₹57.83 crore in the corresponding quarter of the previous year.

    This robust financial performance underscores the company’s ability to leverage operational efficiencies and respond effectively to growing demand for its pharmaceutical products.

    About Jagsonpal Pharmaceuticals

    Founded in 1972, Jagsonpal Pharmaceuticals has built a strong legacy in the Indian pharmaceutical industry. The company specializes in the manufacturing and trading of pharmaceutical products and active pharmaceutical ingredients (APIs), offering a diverse portfolio to meet various healthcare needs. Over the years, it has maintained a reputation for innovation, quality, and customer trust.

    Impact of the Stock Split

    The 2:1 stock split is expected to significantly impact the company’s market dynamics. By lowering the price per share, the split will make Jagsonpal’s stock more affordable for retail investors, thereby expanding its investor base.

    This corporate action does not alter the company’s overall market capitalization but is anticipated to boost liquidity, enhance trading volumes, and solidify its presence in the market.

    Coupled with its impressive financial performance and a legacy of over five decades in the pharmaceutical industry, this move positions the company for continued success and greater investor interest. 

    With its strategic focus and consistent growth trajectory, Jagsonpal Pharmaceuticals is poised to achieve new heights in the thriving healthcare sector.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Jai Balaji Industries Announces 5:1 Stock Split to Enhance Liquidity

    Jai Balaji Industries Announces 5:1 Stock Split to Enhance Liquidity

    Jai Balaji Industries Ltd, a leading name in the Indian iron and steel industry, has announced its first-ever stock split, aimed at increasing liquidity and attracting a broader base of investors. As per the company’s recent filing, each equity share with a face value of ₹10 will be subdivided into five shares with a face value of ₹2. The record date for the stock split is set for January 17, 2025, ensuring shareholders on this date are eligible for the split.

    Stock Split Details

    • Current Face Value: ₹10 per share.
    • New Face Value: ₹2 per share.
    • Split Ratio: 5:1 (one share splits into five).
    • Record Date: January 17, 2025.
    • Paid-up Capital: Unchanged at ₹1,82,45,02,860.

    This strategic move is designed to improve the stock’s affordability, especially for retail investors, while enhancing trading volumes and overall market liquidity.

    Financial Performance

    Despite challenges in the industry, Jai Balaji Industries has demonstrated resilience:

    • Q2 FY25 Revenue: ₹1,556.6 crore, marking a slight 0.6% increase year-on-year.
    • Q2 FY25 Net Profit: ₹153.2 crore, down 24% YoY, reflecting market pressures.
    • EBITDA Growth: 7% increase, rising to ₹228.3 crore in Q2 FY25 from ₹213.4 crore in Q2 FY24.
    • H1 FY25 Revenue Growth: 8% increase year-on-year, coupled with a robust 30% growth in EBITDA.

    The company’s EBITDA margin improved to 14.7%, up from 13.8% in the previous year, showcasing operational efficiency and cost management.

    About Jai Balaji Industries

    Established in 1999, Jai Balaji Industries is a fully integrated steel producer with a diverse product portfolio, including:

    • Core Products: Sponge iron, pig iron, steel billets, and TMT bars.
    • Specialized Offerings: Ductile iron (DI) pipes and special-grade ferroalloys.

    With four state-of-the-art production facilities in West Bengal and Chhattisgarh, the company is among the largest private steel manufacturers in Eastern India. Its exports span major international markets, strengthening its global footprint.

    Growth Initiatives and Market Outlook

    Jai Balaji Industries has ambitious expansion plans:

    • DI Pipe Production: Targeting an increase to 4 lakh tons.
    • Value-Added Products: Aiming for these to contribute 80% of revenue.
    • Revenue Goals: Anticipating a 25-30% increase in revenue for FY25.

    The announcement of the 5:1 stock split marks a pivotal moment in Jai Balaji Industries’ journey, signaling its commitment to enhancing shareholder value and accessibility.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • Shriram Finance Announces Stock Split in 5:1 Ratio

    Shriram Finance Announces Stock Split in 5:1 Ratio

    Shriram Finance Ltd, a prominent non-banking financial company (NBFC) in India, has announced a stock split in the ratio of 5:1, reducing the face value of its equity shares from ₹10 to ₹2 each. The company has fixed January 10, 2025, as the record date to determine shareholder entitlement for the stock split.

    Details of the Stock Split

    • Old Face Value: ₹10 per share.
    • New Face Value: ₹2 per share after the split.
    • Stock Split Ratio: 5:1 (each existing share will split into five).
    • Record Date: January 10, 2025.

    This corporate action, approved by shareholders through a postal ballot on December 20, 2024, is aimed at enhancing the stock’s liquidity and making it more affordable for a larger pool of investors.

    Rationale Behind the Stock Split

    The stock split is being undertaken to:

    1. Boost Liquidity: By increasing the number of outstanding shares, the company aims to enhance tradability and attract retail investors.
    2. Enhance Accessibility: Lower per-share prices make the stock more affordable to a wider range of investors.
    3. Align with Growth Objectives: Reflecting strong financial performance, this move supports the company’s mission to expand its investor base.

    Performance and Financial Highlights

    Shriram Finance has displayed robust financial performance in recent quarters:

    • Q2 FY25 Results:
      • Revenue: ₹10,096.7 crore.
      • Net Profit: ₹2,027.3 crore.
    • H1 FY25 Results:
      • Revenue: ₹19,693.8 crore.
      • Net Profit: ₹4,051.9 crore.
    • Market Cap: Over ₹1.17 lakh crore.

    Its price-to-earnings (PE) ratio stands at 17x, below the industry average of 25x, reflecting potential undervaluation.

    About Shriram Finance

    As a flagship entity of the Shriram Group, Shriram Finance is among the largest NBFCs in India with:

    • Assets Under Management (AUM): Over ₹2.43 trillion.
    • Customer Base: Servicing 90.26 lakh customers across India.
    • Network: 3,149 branches and 77,764 employees.

    The company offers diverse financial solutions, including commercial vehicle loans, MSME loans, personal loans, and green financing through its newly launched Shriram Green Finance vertical.

    The stock split reflects Shriram Finance’s confidence in its growth trajectory and commitment to enhancing shareholder value. With its strong financial fundamentals and strategic focus on expanding its offerings, the company remains a key player in India’s NBFC sector.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.

  • ITC Announces Record Date for Demerger of Hotels Business

    ITC Announces Record Date for Demerger of Hotels Business

    Kolkata-based conglomerate ITC Ltd has announced January 6, 2025, as the record date for the much-anticipated demerger of its hotels business into a standalone entity, ITC Hotels Limited (ITCHL). The separation is set to take effect on January 1, 2025, following approvals from the National Company Law Tribunal (NCLT) and other regulatory bodies.

    Key Details of the Demerger

    • Effective Date: January 1, 2025.
    • Record Date: January 6, 2025.
    • Shareholder Entitlement: Shareholders will receive 1 share of ITC Hotels for every 10 shares of ITC held.

    The decision aims to unlock value for shareholders by enabling the hotel business to operate as an independent entity, focused solely on the hospitality sector. ITC will retain a 40% stake in the new entity, while 60% of ITC Hotels’ equity will be distributed among existing ITC shareholders in proportion to their holdings.

    Approvals and Milestones

    The demerger process has cleared several key hurdles:

    • Shareholder Approval: In June 2024, the proposal was overwhelmingly approved, with 99.6% of public institutions and 98.4% of public non-institutions voting in favor.
    • NCLT Clearance: The Kolkata Bench of the NCLT sanctioned the demerger in October 2024, and ITC received a certified copy of the order on December 16, 2024.
    • CCI Approval: The Competition Commission of India approved the scheme in May 2024.

    Performance of ITC’s Hotels Business

    ITC’s hotel segment has demonstrated strong growth in recent quarters, driven by improved operational efficiencies and demand from leisure, retail, and MICE (Meetings, Incentives, Conferences, and Exhibitions) segments.

    • Revenue Growth: 12.1% year-on-year (YoY) growth in the September 2024 quarter.
    • EBITDA Margin Expansion: Improved by 70 basis points (bps) YoY.
    • RevPAR: Higher Revenue Per Available Room has bolstered profitability.

    Strategic Rationale Behind Demerger

    ITC’s hotels business, which has matured significantly, is now poised to operate independently. The demerger enables ITC Hotels to focus on a dedicated growth strategy and an optimized capital structure, while ITC Ltd can concentrate on its core businesses such as FMCG, tobacco, and agri-products.

    Post-Demerger Dynamics:

    • ITC Hotels will operate independently but will pay a royalty to ITC for brand usage.
    • ITC is consolidating its holdings in hospitality rivals such as EIH (Oberoi Group) and HLV (Leela Group) to strengthen its position in the sector.

    The move signifies ITC’s commitment to fostering long-term growth for its businesses while addressing the unique dynamics of the hospitality industry.

    Disclaimer: This article is for informational purposes only and should not be considered as investment advice.