1:3 Bonus Issue: Multibagger Gas & Petroleum Sector Stock Revises Record Date

Sarthak Industries Ltd revised record date for bonus share on December 6, 2022. The company fixed December 20, 2022 as the new record date for 1:3 bonus issue. It implies that shareholders will get 1 new bonus share for every 3 shares held.

The company is engaged in the manufacturing of LPG cylinders. The company has a market capitalisation of Rs 124 crore. The company has given multibagger returns to investors. Check key takeaways below:

1. Sarthak Industries Ltd Sets New Record Date For Bonus Issue

The board of directors of the company said in the BSE filing date December 6, 2022, "This has reference to our previous intimation dated December 05, 2022 w.r.t intimation of Record Date, this is to inform you that pursuant to the provision of Regulation 42 of SEBI (LODR) Regulations, 2015, the Board of Directors has revised and fixed Tuesday, 20th December, 2022 as the Record Date and not Friday, 16th December, 2022 as communicated earlier, for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus shares in the ratio of 1 (One) new equity bonus share of Rs. 10/- each for every 3 (Three) existing fully paid equity shares of Rs. 10/- each held by its shareholders, subject to the approval of shareholders in the ensuring Extra-ordinary General Meeting (EGM) to be held on Saturday, 10th December, 2022."

2. Sarthak Industries Ltd Stock Performance

The last trading price of the stock is Rs 178 apiece with an intraday fall of 0.78%. The stock's 52-week high is Rs 216 apiece and 52-week low is Rs 46 apiece, respectively.

3. Sarthak Industries Ltd Return

The stock has given 92% return in last 3-months, 68% return in last 1-year, and 2900% return in last 1-year.

4. Sarthak Industries Ltd About

The company manufactures LPG Cylinders. The LPG Cylinders are supplied to Oil Companies like Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd. and also to private companies.

At present, the company has manufacturing capacity of 7 lakhs cylinders per annum. Apart from manufacturing activities, it also undertakes trading activities on opportunity basis time to time.

Disclaimer

The stock provides details related to new record date of bonus issue. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.