1:10 Stock Split: Textile Stock Set To Get Affordable, May 18 Fixed As Record Date

Small cap company operating in textile industry, Vardhman Polytex Ltd today fixed May 18, 2024 as the record date for stock split/sub-division of share in the proportion of 1:10. Vardhman Polytex share zoomed 8.69% in last 1-week and gained 120% in last 1-year. The company on May 28 announced its decision to sub-divide equity shares. The company in 2008 declared final dividend of Rs 2/per share and declared 9 dividends since 2001. More details below:

Vardhman Polytex Declares Record Date For 1:10 Stock Split: As per the BSE filing of the company issued post market hours today (May 6, 2024), "Pursuant to regulation 42 of SEBI (LODR) Regulations, 2015, it is hereby informed that the Board of Directors of the company has fixed "Saturday, 18" May, 2024" as the "Record Date" for the purpose of Sub-division/ Split of equity shares of the company having face value of Rs. 10/- each fully paid-up into 10 equity shares having face value of Re. 1/- each fully paid-up, ranking pari-passu with the existing shares in all respects, pursuant to the approval of shareholders by passing of Special Resolution dated 04th May, 2024 through Postal Ballot."

Vardhman Polytex Shares Performance & Return: The 52-week high price of Vardhman Polytex shares on BSE is Rs 95.80 apiece (as on 03/05/2024) and 52-week low price is Rs 37.05 apiece (as on 15/05/2023), respectively. The company has a market capitalisation of Rs 254.35 crore. Vardhman Polytex has a PE of -7.15 and ROE of 9.46. Vardhman Polytex shares gave return of 32% in 3-months, soared 70% in last 6-months, and surged 249% in last 2-years. In last 3-years, Vardhman Polytex stock zoomed 416% and rallied 1176% in last 5-years.

Vardhman Polytex About: Vardhman Polytex Limited (VPL) was originally promoted by Mohta Group and PSIDC under the name & style, M/s Punjab Mohta Polytex Limited. In 1987, Mahavir Spinning Mills Limited has taken over the Management of the Company and the said company becomes the subsidiary of MSML. After the family settlement, in Jan'03 The Company is ushering under the newly formed Oswal group. As of today, the spindlage of the company stands at 1,95,168 nos. The Company is having its plants at Bathinda, Ludhiana & Nalagarh, according to its LinkedIn page.

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