Multibagger Small Cap Company Announces Stock Split: Check Details

Pressure Sensitive Systems in its board meet held on August 24, 2022 has proposed the stock split. Here are the finer details:

Pressure Sensitive's 1:10 Stock split ratio:

By this stock split, we mean every already owned share is split into 10 new shares of new face value which is 1/10th of original face value.

In the filing with the exchanges, the company said, "Proposed, sub - division/split of 1 (One) equity share of the Company having face value of Rs. 10/- each into 10 (Ten) Equity Shares having face value of Re. 1/ - each (i.e. Total 14836200 Fully Paid Up Equity Shares of the Company having face value of Rs. 10/ -each into resulting 148362000 Fully Paid Up equity shares of face value of Re. 11 - each) at a record date to be determined by the Board of Directors later on and subject to the
approval of shareholders to be obtained by Remote E-Voting at the ensuing Annual General Meeting ("AGM"). The record date for the split / sub - division of shares will be intimated in due course".

 

Other changes in relation to stock split by the company:

Pursuant to the aforesaid Split/sub -division of shares, if approved by members of the Company, the Board
has recommended to alter Capital Clause i.e. Clause V of the Memorandum of Association of the company.

 

About Pressure Sensitive:

Pressure Sensitive Systems (India) Ltd is engaged in the manufacture of all types of coated products such as self adhesive tapes.The product range of the company includes Salt adhesive tapes like Nylon cloth Tapes,Rayon Cloth Tapes,Single sided cotton cloth Tapes,Double sided cotton cloth Tapes and Fibre glass cloth Tapes.

Company's stock price trajectory:

In the last 1-year, the stock has produced 392% return while its 52-week low and 52-week high price is Rs. 5.12 and Rs. 62.15 per share respectively. In 1-month the stock has delivered 218% returns. Last ahead of the stock split announcement, the stock marked a new 52-week high.

Disclaimer:

The stock is discussed for its likely stock split that shall be initiated post the approval of the members of the company. Readers should construe the story as an investment advice into the stock mentioned.

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