1:5 Stock Split, 1:5 Bonus Issue Approved: Zero-Debt Burden Stock Gains 290% In 3-Yrs

Board of Directors of small cap company operating in gems & jewellery Starlineps Enterprises Ltd today recommended bonus issue in the ratio of 1:5 and stock split in the similar ratio of 1:5. Current market price of Starlineps Enterprises Ltd share on BSE is Rs 162.05 per share. Starlineps Enterprises shares offered shareholders return of 52% in last 1-year and gained 290% in last 3-years. The company has yet to fix the record date for bonus share and stock split. Check key details below:

Starlineps Enterprises Approves Bonus Share: According to the BSE filing of Starlineps Enterprises issued as on August 8, 2024, "approved the proposal of issuance of Bonus equity shares to the equity shareholders of the Company in the ratio of 1:5 i.e. 1 (One) Equity Share for every 5 (Five) Equity Shares having a face value of Re. 1/- (considering the post sub-division/split of face value of equity shares) held face value of Re. 1/- (considering the post sub-division/split of face value of equity shares) held of shareholders to be obtained through Postal Ballot and such other approvals as may be required."

Starlineps Enterprises Gives Nod To Stock Split: The BSE filing added, "approved sub-division/split of equity shares of the Company from face value of Rs. 5/- (Rupees Five) each to Re. 1 (Rupee One) each, subject to the approval of shareholders to be obtained through Postal Ballot and such other approvals as may be required. In this regard, the record date for such division/ split shall be intimated to the stock exchange in due course."

Starlineps Enterprises Shares Performance: The 52-week high price of Starlineps Enterprises Ltd shares on BSE is Rs 182.00 per share (as on 06/08/2024) and 52-week low price is Rs 83.30 per share (as on 14/03/2024), respectively. Starlineps Enterprises has a market capitalisation of Rs 700.54 crore. Starlineps Enterprises shares offered return of 29% year-to-date, gave return of 52% in last 1-year, rose 72% in last 2-years, and surged 1023% in last 5-years.

About: StarlinePS Enterprises was Incorporated in 2011. It is engaged in precious stone business since then. It has many clients who run their own brands in the market. Starlineps Enterprises Limited focuses on trading and retailing of jewelry. It offers diamonds, pearls and precious stones, gold, silver, and platinum ornaments, among others.

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