1:2 Bonus Issue: Small Cap Stock Bags Orders From IT Ministry, Soars 1442% In 3-Yrs

Small cap company operating in Diversified Commercial Services industry, SBC Exports bagged back-to-back orders from ministry of electronics and information technology through NICSI. The company on January 5 fixed January 19, 2024 as the record date for 1:2 bonus issue.

Last trading price of SBC Exports share on BSE is Rs 31.16 apiece with intraday fall of 2.63% as on January 12, 2024. SBC Exports shares offered shareholders return of 107% in last 1-year. The company has a market capitalisation of Rs 659.47 crore. Check details below:

SBC Exports Sets Record Date For Bonus Shares: As per the BSE filing of the company dated Jan 5, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Company has fixed Friday, January 19th, 2024 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for Issue of Bonus Equity Shares in the ratio of 1:2, which is subject to the approval of shareholder's."

SBC Exports Bags Order From Ministry Of Electronics And Information Technology: As per the regulatory filing of the company, "In pursuance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SBC Exports Limited ("the Company") wish to inform you that Work Order for providing Office Support, Project Management Support and Rollout Services has been awarded to us by Ministry of Electronics and Information Technology through NICSI, New Delhi vide Work Order No. M2306442. The aggregate purchase order cost of the said Work-Order is Rs. 40,26,514/- (Rupees Forty Lakh Twenty Six Thousand Five Hundred and Fourteen).

In pursuance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SBC Exports Limited ("the Company") wish to inform you that Work Order for providing Office Support, Project Management Support and Rollout Services has been awarded to us by Ministry of Electronics and Information Technology through NICSI, New Delhi vide Work Order No. M2306681. The aggregate purchase order cost of the said Work-Order is Rs. 43,90,142/- (Rupees Forty Three Lakh Ninety Thousand One Hundred and Forty Two).

SBC Exports Stock Performance & Return: The 52-week high price of SBC Exports share on BSE is Rs 35.04 apiece and 52-week low price is Rs 14.02 apiece, respectively. SBC Exports shares offered return of 51% in last 6-months, gained 248% in last 2-years, and surged 1442% in last 3-years.

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 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, work orders 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.