1:1 Bonus Share: Small Cap Stock Hits Upper Circuit On New Update, Up 88% In 3-Months

Small cap stock from the Capital Goods-Non Electrical Equipment sector Alphalogic Industries Ltd shares today hit 5% upper circuit after the company informed on November 23 that it has received In-principle approval letter from BSE for the proposed Bonus Issue in the ratio of 1:1 i.e 1 (One) Bonus equity share of nominal value of Rs 10/- (Rupees Ten Only) each for every 1 (One) equity share of nominal value of Rs 10/- (Rupees Ten Only) each held. As intimated on 22nd November 2023, the record date to determine entitlement of eligibility of shareholders for Bonus Shares shall be Friday, 01st December 2023. Check details below:

Alphalogic Industries Stock Performance & Return: Last trading price of Alphalogic Industries share on BSE is Rs 349.95 per share with intraday jump of 3.08%. Its 52-week high price is Rs 368.00 per share and 52-week low price is Rs 95.60 per share, respectively. The company has a market capitalisation of Rs 178.29 crore. Alphalogic Industries shares BSE gained 17% in last 2-weeks, soared 8% in last 1-months, offered return of 88% in last 3-months.

Alphalogic Industries Revises Record Date For Bonus Share: As per its BSE filing dated November 23, 2023, "In continuation to our communication dated 18th October, 2023, informing the fixation of Record Date of Friday, 24th November, 2023, we would like to inform you that the company is yet to receive the In principle approval for Bonus Issue and due to technical issue, the company has decided to revise the record date. The revise record date to determine entitlement of eligibility of shareholders for Bonus Shares shall be Friday, 01st December, 2023."

Alphalogic Industries Recommended Bonus Share On October 18: The company approved recommendation of issuance of fully paid-up Bonus Share in the ratio of 1:1 i.e. 1 (One) Equity Share for every 1 (One) fully paid-up Equity Shares of Rs 10/- each, subject to approval of the shareholders of the Company and appropriate authorities.

About: Alphalogic Industries Alphalogic Industries Limited was founded in the year 2020 by experienced professionals from the Storage System industry. It has designed storage solutions which leave more space at your workplace for productive pursuits. This might help a big way in achieving your productivity goals, according to its official website.

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