1:5 Stock Split/Sub-Division: Small Cap Metals Stock Fixes Oct 4 As Record Date

Small cap company operating in metals & ferrous sector Godawari Power & Ispat Ltd fixed October 4, 2024 as the record date for 1:5 stock split. Godawari Power shares witnessed decline of 13.88% in last 3-months and gained 231% in last 2-years. The company has a market capitalisation of Rs 12,542.61 crore. Godawari Power on August 7, 2024 recommended 1:5 stock split and Rs 1.25/share special dividend. Earlier, it had declared a final dividend of Rs 5/- per share.

The company fixed August 17, 2024 as the record date for final dividend of Rs 5 and special dividend of Rs 1.25 per share. The ex-dividend date was fixed as August 16, 2024. Check details below:

Godawari Power Sets Record Date For 1:5 Stock Split/Sub-Division: As per the exchange filing of Godawari Power dated September 21, 2024, "This is to inform you that in terms of Regulation 42 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, 4th October, 2024 as the Record Date for the purpose of Sub-division of I (One) Equity Share of the face value of Rs. 5/-each (Rupees Five Only) fully paid-up into 5 (Five) Equity Shares of Re. 1/- each (Rupee One Only) fully paid-up."

Godawari Power Dividend History: The metal company announced 20 dividends since September 13, 2006. In last 1-year, Godawari Power & Ispat announced an equity dividend amounting to Rs 6.25 per share. At the current share price of Rs 937.45, Godawari Power & Ispat offers shareholders a dividend yield of 0.67%.

Godawari Power & Ispat Share Performance: The 52-week high price of Godawari Power & Ispat share on BSE is Rs 1222.95 per share (as on 16/07/2024) and 52-week low price is Rs 533.05 per share (as on 28/07/2023), respectively. Godawari Power & Ispat shares offered stunning returns of 2354% in last 5-years, rose 231% in last 231% and offered return of 52% in last 1-year. In last 6-months, Godawari Power shares surged 41%.

About: Godawari Power & Ispat Ltd. (GPIL) a public Ltd. Co., formally Ispat Godawari Ltd (IGL), was incorporated in 1999 to set up an integrated steel plant with captive power generation, which is an integrated steel manufacturer and is having dominant presence in the long product segment of the Steel industry, mainly into mild steel wire. Today, GPIL is an end-to-end manufacturer of mild steel wires. In the process, the company manufactures sponge iron, billets, Ferro alloys, captive power, wires rods (through subsidiary company), steel wires, Oxygen gas, fly ash brick and last but not the least pallets, according to its official website.

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