1:4 Upcoming Bonus Issue: Multibagger Small Cap IT Stock MINDTECK (INDIA) Sets Record Date

Small cap company engaged in IT software sector MINDTECK (INDIA) Ltd shares today settled with marginal rally of 0.79%. Last trading price of MINDTECK (INDIA) shares on BSE is Rs 384.00. MINDTECK (INDIA) shares zoomed 107% in last 6-months. The company has a market capitalisation of Rs 978.37 crore. The company recommended 1:4 bonus share and fixed September 20, 2024 as the record date. Today, the company informed via exchange filing that it has received in-principal approval from BSE and NSE for 1:4 bonus issue. Check details below:

MINDTECK (INDIA) Gets In-Principal Approval For 1:4 Bonus Issue: According to the BSE filing of MINDTECK (INDIA) dated September 12, 2024, "This is to inform you that the Company has received the In-principle approval from BSE Limited and National Stock Exchange of India Limited for Bonus Issue in the ratio of 1:4 i.e., 1 (One) new fully paid-up equity share of Rs. 10/- each for every 4 (Four) existing fully paid-up equity shares of Rs. 10/- each held by them as on September 20, 2024 (Record date). The In-principle approval letters received from the Stock Exchanges are attached herewith."

MINDTECK (INDIA) Sets Record Date For 1:4 Bonus Shares: As per the exchange filing of the company dated September 10, 2024, "the Board of Directors of the Company has fixed Friday, September 20, 2024 as the Record Date for the purpose of determining Shareholders and their entitlement for Issue and Allotment of Bonus Equity Shares in the ratio 1:4 i.e., 1 (One) new fully paid-up equity share of Rs. 10/- each for every 4 (Four) existing fully paid-up equity shares of Rs. 10/- each held by them."

MINDTECK (INDIA) Shares Performance: The 52-week high price of MINDTECK (INDIA) shares on BSE is Rs 460.25 apiece (as on 01/08/2024) and 52-week low price is Rs 130.00 per share (as on 13/09/2023), respectively. MINDTECK (INDIA) shares slipped over 6% in last 1-month, soared 60% so far this year, jumped 182% in last 1-year, and rallied 1100% in last 5-years.

About: Mindteck is a leading software and hardware solutions provider for the semiconductor industry. Over the past 16 years, it has catered to the needs of semiconductor capital equipment manufacturers, subsystem vendors, and FABS - helping them to improve equipment software features, performance and increase productivity, according to its official website.

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