1:10 Sub-Division of Shares: 17th January Record Date For Stock Split; Add To Your Radar?

In the beverage sector, Arunjyoti Bio Ventures Ltd. is a reputable co-packer. Renowned co-packer Arunjyoti Bio Ventures Ltd. specialises in offering top-notch co-packing services to international corporations. Co-packaging a wide variety of beverages, such as juices, energy drinks, and non-carbonated drinks, is the company's speciality. The manufacturing of non-carbonated water is the area of expertise for Arunjyoti Bio Ventures Ltd. In contrast to the previous closing of Rs 184.30 per share, Arunjyoti Bio Ventures' shares began higher on the BSE on Tuesday at Rs 193.45 per share. During morning trading, they were trading 3.09% higher at Rs 190 per share.

Arunjyoti Bio Ventures Stock Split Record Date

"This is to inform the Exchange that the Company has fixed 17.01.2025 as record date for the purpose of determining Sub-division (stock split) of existing Equity Shares of the Company having face value Rs. 10/- (Rupees ten) each to Re. 1/- (Rupee one) each," said Arunjyoti Bio Ventures in a stock exchange filing on 06.01.2025.

Behind the proposal for sub-division of 1 equity share of the company having a face value of Rs. 10/- each into 10 equity shares having a face value of Re. 1/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the company, the rationale is to enhance the liquidity in the capital market and to widen the shareholder base, Arunjyoti Bio Ventures informed stock exchanges.

Arunjyoti Bio Ventures News

On December 24, 2024, Tata Consumer Products Limited (TCPL) supported Arunjyoti Bio Ventures Limited (ABVL) to acquire machinery valued at Rs. 8.9 crores. At ABVL's two facilities in Telangana and Andhra Pradesh, the equipment is being installed. As part of this agreement, further equipment will be provided to boost the current production capacity of ABVL's plants, which will be used exclusively by TCPL. These facilities will serve as TCPL's co-packers, particularly for the manufacturing and packaging of TCPL's Ready to Drink (RTD) products.

This special agreement demonstrates a strategic relationship between TCPL and ABVL, guaranteeing that the production facilities in these areas are exclusively used to meet TCPL's needs. It is anticipated that the agreement would support the increasing demand for TCPL's RTD products, maintain strong quality control requirements, and improve supply chain management.

Arunjyoti Bio Ventures Financials

The company reported revenue from operations of Rs 6.35 Cr during the quarter ended September 2024 compared to Rs 3.14 Cr in the quarter ended September 2023. The company's net income stood at Rs 6.46 Cr in Q2FY25 compared to Rs 3.21 Cr in Q2FY24. Arunjyoti Bio Ventures reported a net loss of Rs 0.41 Cr during the second quarter of the current fiscal compared to a loss of Rs 1.37 Cr in the same quarter of the previous fiscal.

Arunjyoti Bio Ventures Share Price Target

"Arun Jyoti Bioventures stock price is bearish on the Daily charts with strong resistance at 198. A daily close below support of 174 could lead to a target of 155 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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