1:1 Bonus Issue: Engineering Firm Issues New Record Date, Dividend Likely Today

Board of small cap engineering sector company, Veljan Denison on Wednesday issued new record date for 1:1 bonus share. The new record date for bonus issue is now May 27. Today, the Board of Directors of Veljan Denison will hold meeting to consider financial results and recommend dividend, if any. Current market price of Veljan Denison share on BSE is Rs 3759.95 per share with intraday fall of 2.02%.

Veljan Denison shares offered highly attractive returns to shareholders. Veljan Denison Ltd shares zoomed 91.54% year-to-date and offered rally of 178% in last 1-year.

Veljan Denison Revises Record Date: As per the BSE filing of Veljan Denison dated May 22, "In continuation of our letter dated 15.05.2024, and the record date fixed for the purpose of determining the shareholders and their entitlement for issue and allotment of Bonus Shares in the ratio of 1:1 i.e., 1 (One) new fully paid-up equity share of Rs. 10/- each for every 1 (One) existing fully paid-up equity share of Rs. 10/- each held by them is changed from Saturday, May 25, 2024 to Monday, May 27, 2024."

The Bonus Shares shall be allotted to the equity shareholders whose names appear in the Register of Members/ List of Beneficial Owners provided by the Depositories as on the said date, added the BSE filing of the company.

Veljan Denison To Hold Board Meeting For Results, Dividend Today: As per the regulatory filing of Veljan Denison May 12, "Board of Directors of Veljan Denison Limited will be held on Thursday, May 23, 2024, inter-alia to consider amongst other businesses the following:
1. To consider and approve the Audited Financial Results (Consolidated & Standalone) of the Company for the year ended March 31, 2024,
2. To consider and recommend the Dividend, if any, on the equity shares of the Company for financial year 2023-2024 and
3. Any other items with the permission of the Chair."

Veljan Denison Share Performance & Return: The 52-week high price of Veljan Denison share on BSE is Rs 4,200.00 per share (28/03/2024) and 52-week low price is Rs 1230.05 per share (as on 31/05/2023). The company has a market capitalisation of Rs 845.99 crore. Veljan Denison shares declined 3.70% in last 1-week, soared 104% in last 6-months, offered return of 237% in last 2-years, and rallied 342% in last 3-years. In last 5-years, Veljan Denison stock soared 412%.

Veljan Denison About: Veljan Denison Limited formerly Denison Hydraulics India Limited is an India-based company. The company is engaged in the business of manufacturing engineered fluid power components products and systems. Veljan is a pioneer Hydraulics and Pneumatics company in India and a leader in its own right.

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