Small Cap Company Announces 4:1 Bonus Issue, Shares Soar 61% In 6-Months

Board of small cap company operating in trading sector, Anmol India Ltd on Friday approved bonus share in the proportion of 4:1. It implies shareholders will receive for additional shares for every 1 share held. The board of the company is yet to declare the record date for bonus share. Anmol India Ltd offered 63% return to investors YTD. Check details below:

Anmol India Declares Bonus Share: According to the BSE filing of Anmol India, "Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we would like to inform you that the Board of Directors of the Company at its meeting held today i.e. Friday, 02nd June, 2023, have inter-alia considered and approved the following: 1. Recommending Issue of Bonus Shares in the ratio of 4:1, i.e. 4 (Four) Equity Shares of Rs. 10/- each for every 1 (One) Equity Share of Rs. 10/- each, held by the shareholders of the Company as on the record date, subject to the approval of shareholders to be obtained by Postal Ballot. The Record Date will be intimated in
due course.

2. Increase in the Authorized Share Capital of the Company from existing Rs. 11.50 crores to Rs. 57 crores and consequent alteration in the Capital Clause of the Memorandum of Association of the Company. 3. Re-appointment of Mr. Vijay Kumar (DIN: 00574900), Managing Director, for further period of five years w.e.f. 27.05.2023 subject to the approval of shareholders to be obtained by Postal Ballot.

Anmol India Stock Performance & Return: Last trading price of Anmol India is Rs 246.10 per share with intraday fall of 0.71% on BSE. Anmol India share's 52-week high price is quoted at Rs 258.75 per share and 52-week low price is Rs 121.15 apiece, respectively. The small cap company has a market capitalisation of Rs 280.13 crore. Anmol India share rallied 36% in last 1-year, 44% in last 2-years, and 748% in last 3-years.

Anmol India About: Anmol India Limited is a wholesale Coal supply and trading firm with a vast network spread throughout India. Established in 1998, the company has grown exponentially and garnered a solid market reputation, according to its
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