9:1 Bonus Issue, 1:10 Stock Split: Small Cap Stock Decides Record Date, 1-Month Return 177%

Alstone Textiles (India) Limited has today fixed record date for 9:1 Bonus Issue, 1:10 Stock Split. The board directors of the company fixed 24 December 2022 as the record date for stock split and bonus issue. The small cap stock has given multibagger returns with 1-month return at 177%. It has a market capitalisation of Rs 364 crore. Check key takeaways below:

1. Alstone Textiles (India) Ltd Fixes Record Date For Stock Split, Bonus Issue

The board of directors of the company said in the regulatory filing, "In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has fixed , 14th December 2022 as the "Record Date", for the purpose of Sub-division of Equity Shares (all the Authorized, Issued, Subscribed and Paid-up Equity Shares of nominal value of Rs. 10/- (Rupees Ten Only) each shall stand sub-divided into 10 (Ten) Equity Shares of nominal value of Re. 1/-(One Rupee) each fully paid-up) and ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 9 (Nine) Equity Shares of Re. 1/- each for every 1 (One) existing Equity Share of Re. 1/- each, in accordance with the approval of shareholders in ExtraOrdinary General Meeting to be held on 06th December 2022."

2. Alstone Textiles (India) Ltd Stock Outlook

The current market price of the stock is Rs 286 apiece with 4.99% intraday gain. The stock's 52-week high is Rs 286 apiece and 52-week low is Rs 15 apiece. The stock has also hit its new 52-week high today.

3. About Alstone Ltd

The Alstone Textiles (India) Limited was originally incorporated on 25th May, 1985 as Shalini Holdings Limited.The Shares of the Company are listed with Bombay Stock Exchange Limited (BSE), Delhi Stock Exchange Limited and Ahmedabad Stock Exchange Limited (ASE).

The name of the Company was changed from Alstone Textiles(India) Ltd. (formerly Known as Shalini Holdings Ltd) on 23rd September, 2015. Earlier, the company was incorporated with main object of textiles Including cotton, woollen, art silk, natural silk, readymade garments, hosiery, synthetics fiber and fabric and mixed fabrics. Alstone Textiles (India) Limited is poised for rapid growth, according to its official website.

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