1:1 Bonus Issue: FMCG Stock Records 1257% Rally In 1-Yr, Declares April 16 As Record Date

Small cap company from the packaged food industry Integrated Industries Ltd shares witnessed surge of 1.39% in trade today to 625.00 per share on BSE. The Board of Directors of the company will hold meeting on April 16, 2024 as record date for ascertaining eligibility of shareholders for issuance of bonus shares. Integrated Industries shares offered eye-popping returns of 18,556% returns in last 2-years. Check details below:

Integrated Industries Sets Record Date For Bonus Share: According to the BSE filing of the company dated April 2, 2024, "the Board of Directors has fixed Tuesday, April 16, 2024, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Shares. The Bonus Shares, once allotted, shall rank pari-passu in all respects with and carry the same rights as the existing equity shares and shall be entitled (o participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted."

Earlier, Integrated Industries on February 24, 2024 recommended 1:1 bonus issue and approved increase in Authorised Share Capital from INR 20,00,00,000/- (Rupees Twenty Crore Only) to INR 30,00,00,000/- (Rupees Thirty Crore Only).

Integrated Industries Share Performance: The 52-week high price of Integrated Industries shares on BSE is Rs 677.00 per share and 52-week low price is Rs 48.20 apiece, respectively. The company's market capitalisation is Rs 598.68 crore. Integrated Industries shares gave return of 42% in last 3-months, gave return of 81% in last 6-months, and zoomed 1256% in last 1-year.

Integrated Industries Financials: The company for the quarter ended December 31, 2023 declared its consolidated total income at Rs 125.77 crore, up 169.08% as compared to last quarter total income of Rs 46.74 crore. It announced its latest quarter net profit at Rs 9.19 crore.

About: Integrated Industries Limited, formerly Integrated Technologies Limited, is an India-based holding company. The Company operates through two segments: Manufacturing of Food Products and Trading of Food Products.

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The stock highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.