1:2 Bonus Issue Recommended: Multibagger Small Cap Stock Below Rs 35 Falls 4.65%

Board of Directors of small cap company from Diversified Commercial Services industry, SBC Exports today considered, approved and recommended bonus share in the ratio of 1:2 implying 1 bonus share for every 2 shares held as on the record date. SBC Exports has yet to issue the record date for 1:2 bonus issue.

SBC Exports shares soared 1400% in last 3-years. Last trading price of SBC Exports share on BSE is Rs 31.80 apiece. Check details below:

SBC Exports Recommends 1:2 Bonus Issue: According to the BSE filing of the company issued today, "The Board of Directors has considered, approved and recommended the issue of Bonus Shares in the ratio of 1:2 i.e., 1 Equity Share for every 2 equity shares held by the existing equity shareholder of the Company as on Record Date to be fixed in the meantime. The bonus issue of equity shares is subject to the approval of the shareholders through Postal Ballot, and any other applicable statutory and regulatory approvals, as may be required."

Increase In Authorized Share Capital: The Board of Directors has considered and approved the Increase in Authorized Share Capital of the Company from Rs. 22,00,00,000/- (Rupees Twenty Two Crores only) divided into 22,00,00,000 (Twenty Two Crores) Equity Shares of Re. 1/- (Rupee One) each to Rs. 32,00,00,000/- (Rupees Thirty Two Crores only) divided into 32,00,00,000 (Thirty Two Crores) Equity Shares of Re. 1/- (Rupee One) each and subsequent alteration to the Memorandum of Association of the Company, subject to the approval of shareholders of the Company through Postal Ballot.

SBC Exports Stock Performance & Return: The stock's 52-week high price is Rs 35.04 apiece and 52-week low price is Rs 13.50 apiece, respectively. The company has a market capitalisation of Rs 673.02 crore. SBC Exports shares rose 47% in last 3-months, gained 110% year-to-date, jumped 89% in last 1-year, and offered return of 493% in last 2-years. In last 3-years, SBC Exports shares rose 1400%.

SBC Exports Recent Financial Outlook: The company for the quarter ended September 30, 2023 declared its net sales at Rs 30.98 crore, down 12.16% from Rs 35.27 crore in September 2022. Its quarterly net profit soared 36.02% to Rs 2.14 crore for the quarter ended September 2023 as against Rs 1.58 crore declared in the corresponding period of last year. The company announced the EBITDA at Rs 3.87 crore in September 2023, up 77.52% from Rs 2.18 crore in September 2022. Its EPS soared to Rs 0.10 in September 2023 from Rs 0.07 in September 2022.

Disclaimer: The stock just 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.