Small Cap Stock To Turn Ex-Dividend Next Week, Board Fixes Record Date, Scrip Up 1121.35% In 3 Yr

Small cap Auto components company RACL Geartech Ltd. is set to trade ex-dividend next week. The Board of directors in a meeting held on Tuesday, Sept 05, 2023, fixed the Record Date for dividend as Tuesday, Sept 12, 2023.

The Board recommended a dividend of Rs 1.50/- per equity share of Rs 10/- each for Financial Year 2022-23. The said dividend is subject to approval by the Shareholders of the company at the 40th AGM.

"The Board of Directors of the Company at its meeting held on Monday, the 22nd May, 2023 has, inter alia, approved and recommended a final dividend of Rs 1.50/- per equity share of Rs. 10/- each for the financial year ended 31st March, 2023, subject to the approval of shareholders at the 40th Annual General Meeting (AGM)," the Board said in a filing.

Scrip Code	Type of security & paid up value	Book Closure (both days inclusive)	Record date	Purpose
BSE: 520073	Equity Shares of Rs. 10/-each.	From: 13th September, 2023 To: 19th September, 2023	Tuesday, 12th September, 2023	Payment of final dividend of Rs. 1.50/- per equity share of Rs. 10/- each (15%) for the financial year ended 31st March, 2023 if approved by the shareholders at the 40th AGM.

Share of RACL Geartech closed 0.84% up at Rs 1,289.75 per share on the BSE. The stock touched the day's high at Rs 1,3,11.75 and the day's low at Rs 1,271.

The stock has fallen 0.51% in the past 1 week and 4.25% in the past 1 month. The stock gave 125.88% multibagger return in the past 1 year. It gave 158.21% positive return in 2 years. In 3 and 5 years, it gave 1,121.35% and 1,835.11% multibagger returns, respectively.

Its 52-week high is Rs 1,470.10 per share and its 52-week low is Rs 444.40 per share on the BSE. The market cap of the stock is Rs 1,390.56 Crore.

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