Multibagger Stock With 1-Yr Return Of 3877% To Consider Bonus Issue And Stock Split

The corporate action other than revealing the likely corporate actions also suggest of the continuing operations at the concern, And some of the investors based on the company stock take a decision on buying ahead of these corporate actions. Likewise, here is a multibagger scrip from the pharma space that will decide on bonus issue and stock split.

About the company

Rajnish Wellness is the extension and expansion of Rajnish Hot Deal Pvt Ltd. It started as a small teleshopping venture with the name- Quick Service (QS) Advertising in the year 2009 and has grown philosophically and physically into a brand in ayurvedic product industry dedicated to people's personal and sexual wellness.

Stock price trajectory:

The company's stock price has given outstanding multibagger returns of 3877%. The stock's 52-week low and 52-week high are Rs. 4.43 and Rs. 203 per share. Last the stock on June 3, 2022, settled at a price of Rs. 183.75 and was settled in 5% upper circuit.

Company's board meet for stock split and bonus issue:

The company via its filing informed, that a Meeting of Board of Directors of the Company is scheduled to be held on June 13, 2022, inter alia :

1. To Consider and approve Increase in Authorized Share Capital of the Company and subsequent alteration to the Memorandum of Association of the Company.

2. To Consider and approve Issue of Bonus Shares to the equity shareholders of the Company at such rate/ratio to be decided therein.

3. To Consider a proposal of sub-division/ split of the of Equity Shares of the Company having face value of Rs. 10/- (Rupees Ten Only) each in such manner as may be determined by the Board of Directors, Subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company.

4. To Set limit pursuant to Section 186 of the Companies Act, 2013.

5. To approve Postal Ballot Notice.

Further, as per Company''s code of conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015, trading window is closed with immediate effect for all the Designated Persons, Designated Employees, Specified Persons and their immediate relatives and shall
be opened 48 hours after the outcome of aforesaid Board Meeting become generally available information on BSE Portal.

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