10:1 Stock Split, 2:1 Bonus Shares: Small Cap Stock Revised Record Date As Sept 15

Sarveshwar Foods Ltd., a small cap FMCG company, on August 29, 2023, revised the Record Date for 10:1 Stock-Split & 2:1 Bonus Shares to Friday, September 15, 2023.

Earlier on August 24, 2023, the Board fixed the Record Date as Tuesday, September 05, 2023, for the purpose of ascertaining the eligibility of the shareholders/security holders entitled to Sub-division of face value of Equity Shares & Bonus Equity shares.

"the Board of Directors has revised Record Date to Friday, September 15, 2023 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 subdivided into 10 (Ten) Equity Shares of nominal value of Re. 1/-(One Rupee) each fully paidup and; b) ascertaining the eligibility of securityholders entitled for issuance of Bonus Equity Shares of the Company in the ratio of 2:1 i.e. 2 (Two) Equity Shares for every 1 (One) Equity Shares having a face value of Re. 1/- (considering the post sub-division/split of face value of equity shares)m" the company's Board of Directors said.

Sarveshwar Foods shares on Friday closed 0.68% or Rs 0.90 lower at Rs 132.10 per share on BSE. Stock surged 1.03% in the past 1 week. It has given 27.76% positive return in 1 month. The stock has given 76.25% positive return in 3 months and 59.85% positive return in 6 months. The YTD return is 48.68%.

The stock recorded its 52-week high on Aug 29, 2023, at Rs 142 per share and 52-week low on Mar 28, 2023, at Rs 62.60 per share.

Disclaimer- The stock just highlights the stock split & bonus shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.