Bonus Issue On Dec 2: Small Cap Textile Stock Witnesses 1420% Rally In 3-Yrs

Board of directors of small cap company operating in textile sector, MK Exim (India) Limited are scheduled to hold a meeting on December 2, 2023 to consider and approve issue of bonus shares by capitalizing the reserves.

Last trading price of MK Exim India share price BSE is Rs 100.80 apiece with intraday fall of 3.49%. MK Exim share offered return of 188% return in last 2-years and declined 8% in last 2-weeks. Check details below:

MK Exim (India) Limited Likely To Declare Bonus Issue On Dec 2, 2023: According to the BSE filing of the company, "a meeting of the board of directors of the Company is scheduled to be held on Saturday, December 2, 2023:

To consider and approve the issue of Bonus Shares by capitalizing the reserves;
To appoint M/s Vora Vora and Associates (FRN:140953W), Chartered Accountants as Branch Auditors of the Company for its Mumbai Branch for audit of accounts for FY 2023- 24 and to hold office till conclusion of next AGM;

To increase in the authorized share capital of the Company from Rs. 30,00,00,000/- (Rupees Thirty Crores Only) to Rs. 60,00,00,000/- (Rupees Sixty Crores Only) by creation of additional 3,00,00,000 (Three Crore) Equity Shares of Rs. 10/-(Rupees Ten Only) each subject to the approval of the members."

MK Exim Share Performance & Return: 52-week high price of MK Exim share on BSE is Rs 130.40 per share and 52-week low price is Rs 72.50 per share, respectively. It has a market capitalisation of Rs 271.27 crore. M K Exim share price witnessed a fall of 5.49% in last 1-month. MK Exim shares gained soared 1420% in last 3-years and jumped 2329% in last 5-years.

MK Exim Financial Results: The company announced its net sales at Rs 26.54 crore for September 2023 period, up 3.09% as against Rs 25.75 crore declared in September 2022. Its quarterly net profit was declared at Rs 4.14 crore for September 2023, down 0.53% as against Rs 4.17 crore announced in the corresponding quarter of last fiscal.

Its EBITDA stood at Rs 5.77 crore in September 2023, up 1.05% from Rs 5.71 crore declared in September 2022. The company's EPS (earning per share) declined to Rs 1.54 in September 2023 from Rs 1.55 in September 2022.

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