1:4 Bonus Issue, Final Dividend: Penny Stock Under Rs 10 Hits Upper Circuit

Shares of small cap penny stock operating in construction sector, Vivanta Industries today hit upper circuit when the stock price touched Rs 5.63 apiece. The company earlier on August 2 revised the record date for dividend and bonus shares. The new record date is September 5, 2023. Check details below:

Vivanta Industries Revises Record Date For Dividend, Bonus Issue: According to the BSE filing of Vivanta Industries dated Aug 2, 2023, "In continuation to the earlier intimation/ announcement made by the Company on 31st July, 2023 and pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Company has revised Tuesday, September 05th, 2023 as Record Date for the purposes of ascertaining the eligibility of shareholders entitled for;

1. Final dividend i.e. 3% of face value of Rs. 1/- per share for the financial year ended March 31, 2023. The said final dividend, if approved by the Members at the ensuing Annual General Meeting, shall be paid to those Members whose names appear on the Register of Members or on records of National Securities Depositories Limited or Central Depositories Services (India) Limited as beneficial owners as on above mentioned Record Date.

2. Bonus Equity shares of the Company in the proportion of 1 (One) new fully paid-up equity share of Re. 1/- each for every 4 (Four) existing equity shares of Re. 1/- each for the financial year ended March 31, 2023 if approved by the Members at the ensuing Annual General Meeting."

Vivanta Industries Stock Performance & Return: Last trading price of Vivanta Industries share is Rs 5.63 per share with intraday gain of 4.84% on BSE. Its 52-week high price is Rs 8.66 apiece and 52-week low price is Rs 1.58 apiece, respectively. It has a market capitalisation of Rs 56.30 crore. In last 3-months, Vivanta Industries shares fell 21%, gave return of 138% in last 6-months, 221% return in last 1-year, and gave return of 1776% in last 3-years.

Vivanta Industries About: Vivanta Industries limited is total turnkey solutions provider and an expert in one stop end to end solution provider across several industries & reality sectors.

Disclaimer: The stock just highlights the dividend, bonus issue 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 ay losses. Please consult a professional advisor.