Shikhar Leasing & Trading Ltd is all set to allot 2,77,260 free equity shares in the coming days. How? The stock price turned ex-bonus on October 4, for a ratio of a whopping 3:1. Eligible shareholders are set to receive 3 free shares on their existing 1 equity share. Currently, the NBFC stock is trading below Rs 4.
Shikhar Leasing And Trading Share Price:
On its ex-date, this penny stock ended at Rs 3.15 apiece on BSE, which is also its 52-week high level. Adjusted to the bonus issue ratio, the stock's 5% upper circuit and lower circuit will now be at Rs 0.82 apiece and Rs 0.82 apiece respectively.
The company's market cap is around Rs 0.40 crore. The stock has a low price-to-equity ratio of 0.14%, while its return on equity (ROE) is strong at 32.16%.
Shikhar Leasing & Trading Ltd Bonus Issue:
The NBFC player is going to reward fully paid as bonus shares to the non-Promoters members of the Company in the proportion of 3 new fully paid-up equity shares of Rs 10/- (Rupees Ten) each as Bonus shares for every 1 (One) existing fully paid-up equity share of Rs 10 /- (Rupees Ten) each.
For the same, the stock turned ex-bonus on Friday, October 4. This is also the record date. So only the investors who are holding Shikhar Leasing shares by the end of October 4th on their record date will be eligible for the benefit.
Shikhar Leasing & Trading Bonus Issue Allotment:
As per the regulatory filing, the company announced that the next meeting of the Board of Directors of the Company will be held on Monday, the 7th of October, 2024 to consider inter alia allotment of 2,77,260 Equity shares by way bonus to public Equity shareholders in the ratio 3 (Three) new equity shares for every 1 (One) existing equity shares held in the Company as per the In-principle approval for the said issue received from BSE Limited.
About Shikhar Leasing And Trading Limited:
The Company is in the business as a traders, dealer, wholesaler, and retailer, of yarns and fabrics of wool, cotton, jute, silk, rayon, nylon, terylene and other natural, synthetic and/or fibrous substances either on its own account or on and dealers of furnishing fabrics, in all its branches or process natural starch and other sizing materials, dye-stuff synthetic or chemical substances, of all kinds of and compounds and other substances, either basic, intermediate, all kinds of paper, electrical fittings, fixtures and electronic goods and trading in such other items as may be deemed by the company.
Also, the company involved is into carry and undertaking business if finance, investment and trading, hire purchase, leasing and to finance lease operation of all kinds, purchasing, selling, hiring or letting on hire all kinds, of plant and machinery and the equipment that the company may think fit and to assist in the financing of all and every kind and description of hire purchase or deferred payment or similar transaction.
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