1:2 Split Soon: Engineering Stock That Rose By 220% In 1 Year, To Sub-Divided 1 Share Into 2; Last Date To Buy

Upcoming Stock Split: A penny stock below Rs 300 is going to split for the first time, trimming its face value of Rs 10 each to Rs 2. The ratio of stock split is 1:2, and the last date to buy Conart Engineering to be eligible for sub-division is nearing. The stock name is Conart Engineering. Conart is a multibagger with gains of nearly 220% in a year.

Going ahead, Conart has scheduled a board meeting on Thursday, the 13th February 2025, to consider and approve the unaudited Financial Results of the Company for the quarter and nine months ended on 31st December, 2024.

Contact Engineering Stock Split:

The company has announced a sub-division of Equity Shares of a face value of Rs.10/- each fully paid which will be subdivided into Equity Shares of a face value of Rs.5/- each fully paid up. Upon sub-division, the face value of each share will be divided from Rs.10/- to Rs.5/- each. That makes the stock split ratio 1:2.

To determine eligible shareholders for the same, Conart has fixed February 2, 2025, as the record date. This will be the last date to be eligible for the Conart split.

Conart said, "We hereby undertake that the Company will set up Auto Corporate Action with both the depositories - NSDL and CDSL for execution before the beginning of the day (BOD) on the first date before BOD on the trading day succeeding the record date (in case of Record Date). Further, the Company undertakes to resolve any complaint on account of failure on the part of the Company to complete all formalities for execution of Auto Corporate Action."

Contact Engineering Share Price:

At the time of writing, Conart share price traded at Rs 281 apiece on BSE, down by 2.6% in the early trade of February 5th. The market cap was at Rs 88.23 crore. The stock's 52-week high and low is at Rs 347.80 apiece and Rs 81.00 apiece. In a year, the stock has rallied by nearly 218% as of now.

About Conart Engineers:

CONART is amongst the most experienced and acclaimed building and civil construction firms in India with a strong reputation for project excellence. The company represents the interests of Owners and Developers by managing a timely, cost-efficient, and high-quality construction project. Also, from energy and infrastructure to commercial and residential buildings, Conart's knowledge base spans many industries.