1:1 Bonus, 1:2 Stock Split, Rs 7 Per Share Dividend: Multibagger Small Cap Stock Announces

Small cap stock, Varanium Cloud Limited announced Rs 7 per share dividend on April 28, 2023 for the financial year ended March 31, 2023. The company also fixed May 9, 2023 as the record date for 1:1 bonus share and 1:2 stock split. The company has a market capitalisation of Rs 83,080.13 lakhs. The stock gave return of 190% in last 6-months. Check details below:

Varanium Cloud Sets Record Date For Bonus Share & Sub-Division Of Shares: According to the NSE filing of the company, "Pursuant to Regulation 42 of the SEBI (listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to inform you that the Company has fixed Tuesday, 9°" May, 2023 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the following matters, in accordance with the approval of shareholders obtained on 17% April, 2023:
1. Sub-division of 1 (one) Equity share of face value of Rs. 10/- each fully paid-up to 2 (two) Equity Shares of face value of Rs. 5/- each fully paid-up.
2. Issue of 1 (One) Bonus Shares for every 1 (One) Equity Shares held by the Equity Shareholders of the Company.

Varanium Cloud Declares Dividend: According to the NSE filing of the company, "The Board has recommended dividend at the rate of Rs. 7 per share of face value of Rs. 10/- each on equity shares for the financial year ended March 31, 2023. The dividend payout is subject to the Members' approval at the forthcoming Annual General Meeting ("AGM") of the Company."

Varanium Cloud Stock Performance: Last trading price of Varanium Cloud is Rs 826.55 per share with intraday gain of 5.00%. The stock's 52-week high price is Rs 1602.40 apiece and 52-week low price is Rs 146.50 per share, respectively.

Varanium Cloud About: Varanium Cloud Ltd delivers cutting-edge digital, technology & internet services in tier two cities. The platform enables a positive effect on education, economic growth and employment by accelerating rural townships into a more digital-focused community, according to its LinkedIn page.

Disclaimer: The stock declared bonus share, stock split, and dividend. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.