Small Cap Chemicals Stock Recommends 100% Final Dividend, 1400% Special Dividend, 2:1 Bonus Shares

Bhansali Engineering Polymers Ltd. (BEPL) in a Board meeting recommends a Final Dividend & Bonus share. It recommended 100% final dividend, and one-time 1400% special dividend for the financial year ended 31st March 2023. It also recommends Bonus Shares in the ratio of 2:1. It is a small-cap Chemical company with a market valuation of Rs. 2,260.46 crore.

Recommends Final Dividend, Special Dividend, & Bonus Shares

The Board of Directors of Bhansali Engineering Polymers Ltd. in an exchange filing has said, "Recommended a Final Dividend of Re. 1 (100 %) per Equity Share (of face value of Re .1 each) for the financial year ended 31st March, 2023 and also recommended a One-time Special Dividend of Rs.14 (1400 %) per Equity Share on account of the Company entering into its 40th year of business operations. The total Final and Special Dividend aggregating to Rs.15 (1500 %) is subject to approval of the shareholders of the Company in the ensuing 391h Annual General Meeting. The said Dividend will be paid on or before 30th June, 2023."

It added, "Bonus Issue: Recommended the issue of Bonus Shares in the ratio of 2:1 i.e 1 (One) Bonus Equity Share of Re. 1 / - each for every 2 (Two) fully paid-up Equity Shares of Re. 1 / - each held by the Members of the Company on such date, as may be fixed in this regard by the Board as the Record Date and subject to the a pproval of the Members in the ensuing AGM."

Stock Outlook

The stock on NSE last traded at Rs. 136.25 apiece, up 4.01% from its previous close of Rs. 131 apiece. It traded its 52 week high on 8 September 2022 at Rs. 138.20 apiece and 52 week low on 28 March 2023 at Rs. 87.05 apiece. The stock jumped 12% in 1 week, 32.38% in 1 month, and 30.38% in 3 months, respectively. It has given 19.62% positive return in 1 year, and 293.22% in 3 years, respectively. It has fallen 19.5% in 5 years.

About - Bhansali Engineering Polymers Ltd. (BEPL)

Bhansali Engineering Polymers Ltd. (BEPL) is a chemicals sector small cap firm engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market. Its customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Healthcare and Kitchenware.

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