1:5 Stock Split, Re 1 Dividend: Small Cap Stock Declares Record Date, Rights Issue Update

Small cap company operating in financial services sector, Share India Securities Ltd today fixed June 27, 2024 as the record date for 1:5 stock split/sub-division of shares. The company announced a final dividend of Re 1.00 per equity share with face value of Rs 10/- each for the financial year ended March 31, 2024. The record date for dividend is yet to be declared. Share India Securities Ltd shares declined 16% year-to-date and offered high return of 2020% in last 5-years. Check key details below:

Share India Securities Ltd Recommends Stock Split: As per the BSE filing of the company dated May 09, 2024, "Approved stock-split/sub-division of each equity share of the Company, having face value of Rs. 10/- each, into 5 (Five) equity shares of face value of Rs. 2/- each, subject to the approval of shareholders of the Company and other statutory/regulatory authorities, as may be required."

Share India Securities Declares Dividend: The BSE filing dated May 9, 2024 stated, "Recommended final dividend of Re. 1.00/- (Rupees One each) per equity share having face value of Rs. 10/- each, for the financial year ended March 31, 2024. In this respect, the record date shall be decided by the Board separately which shall be intimated to Exchange in due course."

Share India Securities Gives Update On Rights Issue: As per the June 7 BSE filing, "the Rights Issue Committee at their meeting held on June 07, 2024 has approved the allotment of 1,96,310 fully paid-up equity shares of the Company of face value of Rs. 10/- each pursuant to conversion of detachable warrants on payment of conversion amount, i.e., Rs. 525/- (Rupees Five Hundred Twenty-Five only) per detachable warrant, being the balance amount payable for conversion of detachable warrants into fully paid up equity shares."

Share India Securities Share Performance: The 52-week high price of Share India Securities shares on BSE is Rs 2039.95 per share (as on 23/02/2024) and 52-week low price is Rs 1163.45 per share (as on 26/07/2023), respectively. The company's market cap stood at Rs 5957.49 crore. Share India Securities shares slipped over 14% in last 6-months, rallied 18% in last 1-year, and gained 272% in last 3-years.

Share India Securities Financial Performance: The company's revenue from operations declared at Rs 465 crore for the quarter ended March 31, 2024, up 36.6% as compared to Rs 341 crore declared in the corresponding quarter of last year. It declared its EBITDA for March 2024 quarter at Rs 175 crore, up 11.4% YoY from Rs 157 Cr in Q4FY23. EBITDA margin reached 37.5% for the quarter under review which was 45.7% in the year-ago quarter. Share India Securities declared its quarterly net profit at Rs 116 Cr for the quarter under review, up by 8.3% YoY from Rs 107 Cr in Q4FY23.

Disclaimer:

The stock highlights the stock split, dividend 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.