• Multibagger stock: If an investor had invested ₹1 lakh in this stock six months ago, his ₹1 lakh would have become around ₹5 lakh today
Bonus Shares, Stock Split: Captain Pipes shares are one of the multibagger stocks that the Indian stock market has given in the last one year. The small-cap stock has rallied up to 1,000 per cent in the last one year. But the celebration for long-term investors is not going to end here. The small-cap company is going to consider issuing bonus shares and stock split in the upcoming meeting of its board of directors. The directors of the company took this decision in their recent meeting held on January 27, 2022.
"This is to inform that the meeting of the Board of Directors of the Company has commenced today i.e. Friday, January 27, 2023 at 3:30 p.m.," the multibagger small-cap company informed Indian exchanges regarding the developments regarding the issue of bonus shares. P.M. and end at 5:15 P.M. at the Registered Office of the Company, inter alia, to have considered the following, subject to the approval of the shareholders at the ensuing Extraordinary General Meeting:- Issue of 2 (two) Bonus Shares for every 1 (i) the equity shares held by the equity shareholders of the Company as on the "Record Date". The bonus issue of equity shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Company shall notify in due course "Record Date" for determining the shareholders eligible to receive Bonus Shares.
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Informing the Indian markets about the stock split decision, the small-cap company said, "You are hereby informed that the meeting of the Board of Directors of the Company has commenced today i.e. Friday, January 27, 2023 at 3:30 PM and at 5:15 p.m. at the registered office of the Company, inter alia, to consider the following, subject to the approval of the shareholders at the forthcoming Extraordinary General Meeting:- Division/sub-division of 1 (one) Change in capital of the Company by Equity Shares of the Company 10 (Ten) Equity Shares of the face value of Rs.
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