The multibagger stock that rallied 300% in 3 years to trade X-split next week

 

• The multibagger small-cap stock has fixed December 28, 2022 as the record date for the stock split

Stock Split 2022: The Board of Directors of Filatex India Limited has fixed December 28, 2022 as the record date for the Stock Split. The small-cap company will split its stock on X-basis i.e. the stock will trade X-split on December 27, 2022 i.e. next week Tuesday. The Board of Directors of the company has already declared that the shares of the company will be split in the ratio of 1:2 and its face value will be changed from the existing face value of ₹2 per equity share to Re.1.

Informing the Indian markets about the record date for the stock subdivision, the small cap company said, "The Finance and Corporate Affairs Committee of the Board of Directors of the Company through a circular resolution passed on December 15, 2022 on Wednesday, December 28 2022 as the record date to determine the shareholders entitled for sub-division of Equity Shares of the Company from the face value of Rs 2/- per Equity Share to Rs 1/- per Equity Share.

In November 2022, the small-cap company had informed Indian exchanges about the stock split decision, "We wish to inform you that the Board of Directors of the Company at its meeting held on November 8, 2022, inter alia, and approved the sub-division of one Equity Share of face value of Rs.2 each into 2 Equity Shares of face value of Re.1 each subject to the approval of the shareholders through postal ballot.


filatex india share price history

Filatex India shares are one of the multibagger stocks that the Indian stock market has produced in recent years. It is one of those stocks which has given stupendous returns to its long-term shareholders in the post-Covid rally in the last three years. Since March 2020, this small-cap stock has grown from around ₹18.45 to ₹75.80 per share, up 300 per cent in three years. However, the small-cap multibagger stock has remained in base building mode since last one year and has remained a perfect selloff on Dalal Street during this period.