Textile Stock To Consider Stock Split On March 28, Shares Rise 292% In 1-Yr

Small cap company Vardhman Polytex Ltd shares today hit upper circuit to settle at Rs 84.24 apiece. The company informed today about it upcoming meeting of Board of Directors to consider stock split/sub-division of shares scheduled to be held on March 28, 2024. Vardhman Polytex shares gained 45% year-to-date and soared 237% in last 2-years. Check details below:

Vardhman Polytex To Consider Stock Split: As per the BSE filing of the company of the company dated March 11, 2024, "Pursuant to Regulation 29 and other applicable regulations of SEBI (LODR) Regulation s, 2015, this is to inform you that the Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 28th March, 2024 to consider and approve the Sub-division/ split of shares of the company having face value of Rs. 10 per share, fully paid-up, in such manner as the board may determine, subject to the approval of shareholders of the company."

Vardhman Polytex Shares Performance & Return: The 52-week high price of Vardhman Polytex shares on BSE is Rs 84.24 apiece and 52-week low price is Rs 19.33 apiece, respectively. The company has a market capitalisation of Rs 229.90 crore. Vardhman Polytex shares zoomed 292% in last 1-year, gained 355% in last 3-years, and soared 725% in last 5-years.

Vardhman Polytex About: Vardhman Polytex Limited (VPL) was originally promoted by Mohta Group and PSIDC under the name & style, M/s Punjab Mohta Polytex Limited. In 1987, Mahavir Spinning Mills Limited has taken over the Management of the Company and the said company becomes the subsidiary of MSML. After the family settlement, in Jan'03 The Company is ushering under the newly formed Oswal group. As of today, the spindlage of the company stands at 1,95,168 nos. The Company is having its plants at Bathinda, Ludhiana & Nalagarh, according to its LinkedIn page.

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