Electrical Co Approves Rs 100/Share Dividend, 4:1 Bonus Share, 1:10 Stock Split; Record Date Set

Small cap electrical equipment company Kaycee Industries Ltd share today hit 2% lower circuit to Rs 42,142.35 per share despite declaring several rewards for shareholders. The Board of Directors of Kaycee Industries Ltd today declared final dividend of Rs 60 per share and special dividend of Rs 40 per share. It also recommended bonus share in the proportion of 4:1 implying shareholders will become eligible to receive 4 bonus shares for every 1 share held. The company also considered and approved stock split/sub-division of shares in the ratio of 1:10. The company fixed August 9, 2024 as the record date for dividend. It has yet to announce record date for bonus and stock spilt. Kaycee Industries shares offered attractive return of 220% in last 6-months and 405% in last 1-year. More details below:

Kaycee Industries Ltd Recommends Final & Special Dividend: As per the regulatory filing of Kaycee Industries issued as on May 28, 2024, "the Board of Directors of the company has recommended a normal final dividend of Rs 60/- (60%) per equity share of Rs.100/- each for the financial year ended March 31, 2024 and additionally a special dividend of Rs 40 (40%) per equity share of Rs. 100/- resulting in total Dividend Rs. 100/- per share. This translates to a dividend of Rs. 2/- per share post sub-division of shares and bonus issues of shares, if the contemplated Stock Split and Bonus issues get effected before the record date fixed for the Dividend. Total oulflow( final & additional) for dividend shall be a sum of Rs. 63.47 lakhs (as against Rs. 38.08 lakhs in the previous year). This is subject to approval by shareholders of the Company al the ensuing Annual General Meeting of the Company."

Kaycee Industries Approves Bonus Share: The exchange filing of the company stated, "approved Issue of Bonus Shares by way of capitalization of reserves, to the equity shareholders of the Company in the ratio of 4:1 i.e., 4 (Four) fully paid-up Equity Shares of Rs. 10/- (Rupee Ten only) each for every 1 (One) existing fully paid-up Equity Share of Rs. 10/- (Rupee Ten 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."

Kaycee Industries Approves Stock Split: As per the BSE filing of Kaycee issued on Tuesday, "Sub-division/Split of Equity Shares of 1 equity share of the Company having face value of Rs 100/- each into 10 (Ten) equity shares having face value of Rs 10/- each, by alteration of Capital Clause of the Memorandum of Association of the Company, subject to approval of the shareholders of the Company."

Kaycee Industries Ltd Share Performance: The 52-week high price of Kaycee Industries shares on BSE is Rs 44,775.40 per share (as on 23/05/2024) and 52-week low price is Rs 8000.00 per share (as on 30/05/2023), respectively. The company has a market capitalisation of Rs 267.48 crore. Kaycee Industries shares offered stunning returns of 1070% in last 2-years and 1300% returns in last 3-years.

About: Kaycee Industries Limited is engaged in the manufacturing and trading of electrical equipment in India. It offers rotary, micro, toggle, cam, limit, rotary toggle, breaker control, new cam, and relay switches; stroke, measuring machine, senior revolution, universal, and road measure counters; water meters; time, digital time, and mini time totalizers; and lugs, timer, digi count, PB and lamps, submirsible cables, and earthing devices, among others. Kaycee Industries also exports its products. It came into existence in 1942 and is based in Mumbai. Kaycee Industries Limited is a subsidiary of Salzer Electronics Limited.

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The stock highlights the dividend, stock split, 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.