10:1 Bonus Share, Rs 150 Dividend: Tobacco Firm Gets Approval For Listing Of Bonus Issue

Mid-cap company engaged in tobacco sector, VST Industries Ltd informed today about the receipt of in-principle approval for listing of bonus share. Last trading price of VST Industries shares on BSE is Rs 445.00 per share. The company has a market capitalisation of Rs 7,558.82 crore. VST Industries shares offered eye-catching returns of 44% year-to-date and zoomed 200% in last 10-years. The company had recommended 10:1 bonus issue and shares traded ex-dividend on September 6, 2024. The company also recommended Rs 150 per share dividend in 2024 and shared hit ex-dividend on June 14, 2024. Check key details below:

VST Industries Gets In-Principal Approval For Bonus Issue Listing: As per the regulatory filing of VST Industries dated September 16, 2024, "Pursuant to the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has received in-principle approval for listing of 15,44,19,200 Equity Shares of Rs.10/- each allotted pursuant to Bonus Issue from the Exchanges, on 16th September, 2024. The letters received from the Exchanges are attached herewith."

VST Industries Shares Performance: The 52-week high price of VST Industries shares on BSE is Rs 486.70 per share (as on 06/09/2024) and 52-week low price is Rs 287.55 per share (as on 26/10/2023), respectively. VST Industries shares gained 18% in last 1-month, zoomed 38% in last 1-year, and offered return of 52% in last 2-years.

VST Industries Bonus Allotment: Earlier, the Bonus Issue Committee of the Board at its meeting held on Wednesday, September 11, 2024, allotted 15,44,19,200 Equity Shares of Rs.10/- each as fully paid-up Bonus Equity shares. The Bonus Equity Shares are allotted in the proportion of 10:1 i.e. 10 (Ten) new fully paid-up equity shares of Rs 10/- (Rupees Ten) each for every 1 (One) existing fully paid-up equity share of Rs 10/- (Rupees Ten) each held, to the eligible Members whose names appeared in the Register of Members and list of beneficial owners as on September 6, 2024, being the record date fixed for this purpose, added the exchange filing.

VST Industries Dividend In 2024: Earlier this year, it recommended a final dividend of Rs 150/- per equity share of Rs 10/- each and fixed June 14, 2024 as the record date.

Radhakishan Damani Stake In VST Industries: Leading investor Radhakishan Damani bought Rs 86.26 crore worth of shares of VST Industries. The DMart founder reportedly bought an additional 1.51% stake in VST Industries for Rs 86.26 crore through open market deals. Damani reportedly bought 2.33 lakh shares of VST Industries at Rs 3,689.96 per share. Damani picked 1.44% stake in January also and he has now 35.84% stake in VST, higher than promoters' stake of 32.16%.

About: The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956/2013. The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. The Company has a manufacturing facility at Hyderabad and Toopran (Telangana) and its principal activities are manufacture & sale of cigarettes and unmanufactured tobacco, according to its official website.

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