Windfall For Investors! 5:1 Bonus Shares Coming Your Way, Record Date Fixed; Buy For 5x Growth?

A company that focuses on precision engineering and tool production is Gujarat Toolroom Limited (GTL). The company's headquarters are in Ahmedabad, Gujarat, and it was established in 1983. Gujarat Toolroom is involved in the development and management of mines and minerals in addition to producing moulds and syringe moulding. Following the Board's announcement of the record date for 5:1 bonus shares, Gujarat Toolroom's shares wrapped up Thursday at a 10% upper circuit limit of Rs 11.90 per share on the BSE, with a market valuation of Rs 276.16Cr.

Gujarat Toolroom Bonus Shares

"This is to inform you that pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, 18th February, 2025 as the "Record Date", for the purpose of ascertaining the eligibility of shareholders entitled for issue of Bonus Equity Shares of the Company in the ratio of 5:1, i.e., 5 (Five) Equity Share of Re 1/- each for every 1 (One) Equity 'Shares of Re. 1/- each,which was recommended by the Board of Directors of the Company vide its meeting held on Monday, 6th January, 2025 and for which approval of the shareholders have already been obtained through postal ballot on Saturday, 08th February,2025," said Gujarat Toolroom in a stock exchange filing on Thursday.

"We hereby inform that the Board of Directors at its Meeting held today i.e.February12,2025 has inter-alia considered & fixed Tuesday, February 18,2025 as the Record Date for the purpose of determining the list of shareholders eligible for allotment of Bonus Equity Shares," the company said in a regulatory filing.

The estimated date by which such bonus shares would be credited/dispatched is on or before March 1, 2025, according to Gujarat Toolroom.

Gujarat Toolroom Q3 Result Date

"Pursuant to Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on February 14, 2025 inter-alia, to consider and approve the Unaudited Financial Results for the third quarter ended December 31, 2024 along with Limited Review Report thereon," Gujarat Toolroom informed stock exchanges.

Gujarat Toolroom Share Price Target

"Gujarat Toolroom stock price is bullish on the Daily charts with strong support at 10.9. A Daily close above the resistance of 12.24 could lead to a target of 14.5 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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