Stock To Buy: Multibagger Small Cap Stock Declares 1:1 Bonus Issue, Rs 50/Share Interim Dividend

Gloster Ltd is a small cap company that operates in Textiles sector. The company on November 7 announced 1:1 bonus issue and interim dividend for its shareholders. The company has a market capitalisation of Rs 921 crore. The company has fixed November 16, 2022 as the record date for interim dividend. The record date for bonus issue is yet to be fixed by the company. If you buy the stock now, you will be eligible to receive Rs 50 dividend and 1:1 bonus issue.

The stock has given multibagger returns to investors with maximum returns at 141% in last 3 years. Check key takeaways below:

1. Gloster Ltd Announces Payment Of Interim Dividend

The board of members of the small cap company stated in the BSE filing, "Payment of Interim Dividend @ 500% i.e., Rs. 50/- per share on 54,71,630 Nos. of Equity Shares of Rs 10/- each for the financial year 2022-2023. The said Interim Dividend will be paid on or before 30'" November 2022. As informed on 31" October 2022, the Company has fixed Wednesday, 16'" November 2022, as the Record Date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend."

The record date for interim dividend is November 16, 2022.

2. Gloster Ltd Declares 1:1 Bonus Issue

The board of directors of the textile sector company said in the regulatory filing, "Issue of fully paid up Bonus equity shares of Rs 10/- each in the ratio of 1:1 i.e 1 (One) Bonus Share for every 1 (One) Share held by the equity shareholders of the Company as on the Record Date to be fixed by the Board thereof for the purpose. The bonus issue of equity shares is subject to the approval of shareholders in an Extra Ordinary General Meeting of the Company."

It implies that shareholders will receive one bonus share for every one share held. 

3. Gloster Ltd Stock Outlook

The current market price of the stock is Rs 1684 apiece with an intraday surge of 3.30%. The stock's 52-week high is quoted at Rs 1811 apiece and 52-week low is quoted at Rs 850 apiece, respectively.

4. About Gloster Ltd

The Small-cap company Gloster Ltd is engaged in manufacturing and exporting of all types of jute & jute allied products, woven & non-woven jute geotextiles, treated fabric-rot proof, fire retardant, jute products for interior decoration and packaging of industrial and agricultural produce.

Disclaimer

The above stock gives details about bonus issue and interim dividend. 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.