1.5:1 Bonus Issue Approved: Multibagger Penny Stock Set To Reward Bonus Shares

Board of Directors of Worth Investment & Trading Co today recommended 1.5:1 bonus shares to its shareholders. The company has yet to declare the record for bonus issue. Last trading price of Worth Investment & Trading shares on BSE is Rs 41.92 per share. The penny stock offered multibagger returns of 223% so far this year. The company's market capitalization stood at Rs 621.62 crore. Check details below:

Worth Investment & Trading Recommends Bonus Issue: As per the exchange filing of Worth Investment & Trading dated October 5, 2024, "approved Issue of Bonus Shares by way of capitalization of reserves, to the equity shareholders of the Company in the ratio of 1.5:1 i.e., 1.5 (One point five) new fully paid-up Equity Shares of Re. 1/- (Rupee One only) each for every 1 (One) existing fully paid-up Equity Share of Re. 1/- (Rupee One only) each held by the eligible shareholders as on the Record Date (to be determined by the Board) subject to the approval of the shareholders of the Company."

Note: Fraction shares if any will be allotted in Company's escrow account and pay accordingly to Shareholders.

Worth Investment & Trading To Increase Authorised Share Capital: The exchange filing added, "approved the increase in the Authorized Share Capital of the Company and consequential alteration of Capital Clause of the Memorandum of Association from existing Rs. 16,60,00,000 (Rupees Sixteen Crores Sixty Lakhs Only) divided into 166000000 (Sixteen Crores Sixty Lakh) Equity Shares of Rs. 1/- (Rupees one Only) each to Rs. 37,10,00,000/- (Rupees Thirty Seven Crores Ten Lakhs Only) divided into 371000000 (Thirty Seven Crores Ten Lakhs) Equity Shares of Rs. 1/- (Rupees one Only) each and thereby consequent alteration to the Memorandum of Association of the Company, subject to approval of shareholders and Securities and Exchange Board of India."

Worth Investment & Trading Shares Performance: The 52-week high price of Worth Investment & Trading shares on BSE is Rs 48.55 per share (as on 04/07/2024) and 52-week low price is Rs 6.78 per share (as on 19/10/2023). Worth Investment & Trading shares offered return of 93% in last 6-months, gained 490% in last 1-year, and soared 803% in last 2-years.

Disclaimer: The stock 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.