Rs 6/Share Dividend, 1:1 Bonus Shares: Small Cap Stock Revised Record Date, Hits 52 Week High

Small Cap Auto Ancillary Company, GNA Axles Ltd., in Board meeting held on Tuesday, July 25, 2023, informed the stock exchange that it has revised the Record Date for Rs 6/share Dividend and 1:1 Bonus Shares to Saturday, Sept 02, 2023. The Board in a meeting held on July 21, 2023, announced the record date for a dividend of Rs 6/share as Aug 11, 2023, and recommended the Issue of Bonus Shares in the ratio of 1:1, i.e. 1 Equity Share of Rs. 10/- each for every 1 Equity Share of Rs. 10/- each.

Revised Record Date For Dividend

"This is in continuation of our letter dated July 21, 2023 regarding the intimation of Record Date for the purpose of payment of Dividend. In this regard we wish to inform you that due to some technical issue the record date for the payment of Dividend @ Rs. 6/- per Equity share on 2,14,65,400 Equity Shares of the Company has been revised to Saturday September 2, 2023," the Board said in an exchange filing.

Revised Record Date For Bonus Shares

"This is in continuation of our letter dated July 21, 2023 regarding the intimation of Record Date for the purpose of Issuance of Bonus shares by the Company. In this regard we wish to inform you that due to some technical issue the record date for the issuance of Bonus Shares has been changed from August 11, 2023 to Saturday September 2, 2023 for determining eligibility of the shareholders for issuance of Bonus Equity Share of the Company in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 1 (One) existing Equity Shares of Rs. 10/- each, subject to the approval of shareholders which is being obtained through Postal Ballot," the Board said in an exchange filing.

Stock Movement

The share price of GNA axles closed 4.18% higher at Rs 978.30 apiece on BSE. The share price hits a new 52-week high of Rs 993.90 apiece, while the stock's 52-week low is Rs 554.75 apiece. The market cap of the stock is Rs 2,008.41 Crore.

The stock surged 9.23% in 1 week. In 1 month, it gained 22.04%. In 3 and 6 months, it gained 21.06% and 34.86%, respectively. The stock jumped 66.76% in 1 year, 87.79% in 2 years, 456.64% in 3 years, and 130.73% in 5 years, respectively.

Disclaimer - The stock just highlights the dividend and 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.