Board Of Multibagger Stock Approves 1:5 Rights Issue, Record Date On Nov. 25

At their board meeting, held on November 17, the management of smallcap company Roni Households Ltd. approved Rights Issue of 8,67,189 equity shares of face value of Rs. 10 each, for an aggregate amount not exceeding Rs. 607.03 lakhs. Rights Issue Price has been fixed at Rs. 701 Per Equity Share, including a premium of Rs. 60 per Equity Share. The Record Date has been fixed on Friday, November 25, 2022.

The company informed the stock exchanges, "In continuation to our outcome of the meeting of the Board of Directors held on Thursday, November 17, 2022. The Board had considered and approved the Record Date as Friday, November 25, 2022 for the purpose of determining the equity shareholders who shall be entitled to receive the Rights Entitlement in the Rights Issue."

The Rights Equity Shares are being offered on a rights basis to existing Eligible Equity Shareholders in the ratio of 1 Rights Equity Shares for every 5 Equity Shares held as on the Record Date. As per SEBI Rights Issue Circular, the fractional entitlement are to be ignored.

The company's revenue stood at Rs. 2.23 crore, while net profit stood at Rs. 0.12 crore in the September quarter, 2022.

Stock performance

In the last 1 month, its share price fell by 4.59%, but in the last 6 months its share price fell by 3.70%, while in the last 1 year its share price gained by 1.96%. However, this multibagger stock has given 413.58% return to the shareholders in the last 5 years. The 52-week high level of this stock is Rs. 130, and the 52-week low level of this stock is Rs. 90. It is a small-cap company with Rs. 45 crore market capitalization.

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