5% Dividend, 4:1 Bonus Share: FII-Backed Small Cap Stock Approves Bonus Issue

Small cap company operating in packaging sector, Clara Industries Ltd shares today declined 4.59% to 208.00 per share. The shareholders of the company today approved 4:1 bonus issue today. Clara Industries also informed about a bulk deal that took place today (June 19, 2024) wherein 28,220 shares were traded at an average price of Rs 204.39. Clara Industries shares fell over 10% in last 1-month but gained 43% in last 3-months. FIIs stake in Clara Industries stood at 2.8% for March 2024 quarter.

Meru Investment Fund Pcc-Cell 1 holding 2.39% stake in Clara with 98,770 shares of the company. Earlier this year on May 25, 2024, Clara Industries announced a growth of 30.05% in profit after tax (PAT) to Rs 2.48 crore for the quarter ended March 31, 2024 as against Rs 1.90 crore announced in the corresponding quarter of last year. Clara Industries also declared an interim dividend of 5% on May 25 and set June 6, 2024 as the record date. Check details below:

Clara Industries' Shareholders Give Nod To 4:1 Bonus Issue: As per the BSE filing issued on June 19, 2024, "This is with reference to our letter dated May 25, 2024 in respect of recommendation made by the Board of Directors of the Company for issue of bonus shares to the shareholders in the ratio of 4 (Four) bonus equity share against 1 (One) existing equity shares, subject to the approval of the shareholders. The shareholders of the Company have approved aforesaid issue of bonus shares by passing an Ordinary Resolution in the Extra-Ordinary General Meeting held on June 19, 2024."

Clara Industries Dividend: As per the exchange filing of the company issued on May 25, 2024, "Interim Dividend @ 5% i.e 0.50 paise per Equity Shares of fully paid of Rs. 10/-each. The Record date for payment of Interim Dividend is 06th June, 2024."

Clara Industries Announced 4:1 Bonus Shares: The company declared 4:1 bonus issue on May 25. It said, "Issue of (4) four bonus equity shares of face value of Rs. 10/- (Rupees Ten only) for every 1 (one) fully paid-up equity share of Rs. I0/- (Rupees Ten only). It approved and set the date and time of Extra-Ordinary General Meeting for the financial year 2024- 2025 to be held on 19th June, 2024 at 3.00 p.m.

Clara Industries Financials: Clara declared its March 2024 quarter revenue from operations at Rs 8.47 crore as against Rs 6.15 crore declared in the corresponding quarter of last year. Total income from operations announced at Rs 8.51 crore for the quarter ended March 31, 2024 as against Rs 6.17 crore declared in the similar quarter of last year. Total expenses for the quarter under consideration declared at Rs 4.90 crore from Rs 3.44 crore declared in March 2023. EPS for March 2024 came at 5.01 from 7.69 in March 2023.

Clara Industries Share Performance & Return: The 52-week high price of Clara Industries share on BSE is Rs 264.00 per share (as on 27/05/2024) and 52-week low price is Rs 141.55 per share (as on 19/03/2024), respectively. The company's market capitalisation is Rs 86.00 crore. Clara Industries share rallied 17% in last 6-months, fell a little less than 1% in last 1-year, and offered attractive return of 129% in last 2-years.

About: Clara Industries Limited operated in Industrial Packaging. It has, over the years, built a reputation for itself through its business practices, and consequently it has re-defined the contours of Industrial Packaging Industry across the globe. It delivers Industrial Packaging of all sorts which enhances the brand recognition of its customer, preserve their products, and enhances their shelf life, according to its official website.

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