1:3 Bonus Shares: Penny Stock Gives Update On Allotment, Record Date

Small cap stock operating under the textile sector Axita Cotton Ltd on Saturday fixed September 16, 2024 as the record date for issuance and allotment of bonus equity shares of the company in the ratio of 1:3. Last trading price of Axita Cotton Ltd shares on BSE is Rs 24.20 per share. The company has a market capitalisation of Rs 631.32 crore. Axita Cotton shares offered return of 13% in last 3-months and gained 680% in last 3-years. Check details below:

Axita Cotton Sets Record Date For Bonus Share: As per the regulatory filing of Axita Cotton dated August 31, 2024, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 it is hereby informed that the Company has set Monday, September 16, 2024, as the Record Date to determine eligible shareholders for issuance and allotment of Bonus Equity Shares of the Company in the proportion of 1:3 [i.e. 1 (One) new fully paid up equity shares of Rs. 1/- each for every 3 (Three) fully paid up existing 'equity share of Rs. 1/- each held], subject to the approval of Members through Postal Ballot."

Axita Cotton Shares Performance & Return: The 52-week high price of Axita Cotton shares on BSE is Rs 35.39 per share (09/01/2024) and 52-week low price is Rs 19.39 per share (as on 26/10/2023), respectively. Axita Cotton shares slipped over 8% in last 1-month, surged 24% in last 1-year, slipped over 2% in last 2-years, and offered return of 1030% in last 5-years.

About: It was formed to start business of production and trading of Seed cotton ("Kapas"), Cotton Seed, Cotton Seed Oil, Cotton cake etc and for which land admeasuring area of 5708 Square Meters was acquired at Chattral, Kadi Road, Mehsana. It was incorporated on July 16, 2013.

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