3 Multibagger Stocks Set Record Date For Dividend, Declare Rights Issue: Check Details

2 FMCG companies have fixed record date for interim dividend while one company has announced rights issue. Milkfood Ltd and Bambino Agro Industries Ltd have fixed record date for interim dividend and Indian Infotech Software Ltd has declared a rights issue. Check key takeaways below:

1. Milkfood Ltd Fixes Record Date For Interim Dividend

The board of directors of the small cap company said in the BSE filing, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has fixed Wednesday, 30th November, 2022 as the 'Record date' for determining eligibility of members for the purpose of payment of interim dividend for the Financial Year 2022-23. We further agree to ensure that the time gap between the two record dates will at least be 30 days."

The current market price of the stock is Rs 620 apiece. The company has a market capitalisation of Rs 302 crore. The stock has given multibagger returns with maximum return of 193% in last 5-years.

The stock has given a return of 82% in just 3-months. The company came into existence in 1973 and operates in FMCG sector.

2. Bambino Agro Industries Ltd Sets Record Dater For Interim Dividend

The board of directors of Bambino Agro stated in the regulatory filing, "The Company has decided that Thursday, 22nd December, 2022 will be the "Record Date" for the purpose of determining the members eligible to receive dividend for the financial year 2027-2022."

The current market price of the stock is Rs 319 apiece with an intraday gain of 2.75%. It has a market capitalisation of Rs 255 crore. The stock has given multibagger returns with maximum return of 164% in 3-years. The small cap company was incorporated in 1983 and operates in FMCG sector.

3. Indian Infotech & Software Ltd Declares Rights Issue

Board of the multibagger stock announced rights issue recently. The board of directors of the company said in the regulatory filing, "1. Approved the proposal of raising of funds through issuance and allotment of equity shares having face value of Re. 1/- (Rupee One Only) ('Equity Shares') for an aggregate amount of up to Rs. 48,26,82,960 (Rupees Forty Eight Crores Twenty Six Lakhs Eighty Two Thousands Nine Hundred Sixty Only) on right issue basis, on such terms of conditions as may be decided by the Board of Directors of our Company to the eligible shareholders of the Company, as on the records date (to be notified subsequently) subject to the Securities and Exchange Board of India (Issue of Capital Disclosure Requirements), Regulations, 2018, Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), Regulations, 2015, and Companies Act, 2013 and the rules made thereunder, as amended from time to time, ('Right Issue')."

The current market price of the stock is Rs 2.34 apiece with a market capitalisation of Rs 234 crore. The stock has given maximum return of 1110% in last 3-years. It has declined 33% in the last 3-months.

The small cap company was incorporated in 1982 and operates in IT Software sector.

Disclaimer

The stocks give details related to interim dividend and rights issue. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.