After Gaining 105% YTD Multibagger Stock Declares 9:5 Bonus Shares

Dhyaani Tile & Marblez Ltd is a small-cap commercial services company with a market cap of Rs 22.14 Cr as of Monday's closing session. Ahmedabad-based company is one of the well-known tiles and marble trading companies in India.

"We wish to inform you that the Board of Directors of the Company in its meeting held on Tuesday, 17th October, 2023 considered and approved the issue of 9 (Nine) Bonus Shares for every 5 (Five) Equity Share held by the Equity Shareholders of the company as on "Record Date".

The said issue is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Company shall intimate the 'Record Date' in due course of time for determining eligible Shareholders entitled to receive bonus shares, in compliance with regulatory requirements," said Dhyaani Tile & Marblez in a stock exchange filing.

The total number of securities proposed to be issued or the total amount for which the securities will be issued is 27,36,000 equity shares at a face value of Rs. 10/- each and the bonus shares will be issued out of Reserves and Surplus of the company available as at 31st March, 2023. As of 31st March, 2023, there is a balance of Rs. 2,74,31,000/- in Reserves and Surplus account and reserves amounting to Rs. 2,73,60,000/- are required for implementing the bonus issue, according to Dhyaani Tile & Marblez.

The estimated date by which such bonus shares would be credited/dispatched is within 2 months from the date of the Board's approval i.e. on or before 17th December, 2023.

A meeting of the Board of Directors of the company will be held on Monday, November 06, 2023 interalia, to declare the unaudited financial results for the half year ended on 30th September, 2023.

On Monday, the shares of Dhyaani Tile & Marblez closed on the BSE at a 5% lower circuit at Rs 145.65 apiece. The stock reached a 52-week-high of Rs 193.75 on (18/09/2023) and a 52-week-low of Rs 56.35 on (30/12/2022), indicating that at the current market price, the stock is trading 24.82% down from the 1-year high and 158.47% up from the 1 year low. The stock has produced a multibagger return of 165.78% over the past five years, and a multibagger return of 114.19% during the past year. The scrip has gained 105.29% YTD so far in 2023.