After Gaining 283% From 52-Week-Low, Multibagger Stock Declares 4:5 Bonus Shares

Focus Business Solution Ltd is a micro cap company dealing in the IT sector. The company deals in the business activities like, bad debt recovery, NPA and write off. The company has fixed bonus shares in 4:5 ratio and for the purpose of the same record date has been finalized.

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Company has fixed Wednesday, August 23, 2023 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares in the proportion of 4 (Four) Equity Shares of Rs. 10/-each for every 5 (Five) existing Equity Shares of Rs. 10/- each, which has approved through 16th Annual general meeting of Focus Business Solution Limited ("the Company") on Saturday, July 29, 2023," said Focus Business Solution in a stock exchange filing on Monday.

During the financial year ended March 2023, the company's net revenue reached Rs 18.4 Cr while net expenses stood at Rs 17.8 Cr. The company's annual EBIT stood at Rs 1.1 Cr in FY23 while its net profit reached Rs 0.4 Cr with a CAGR of 32% in 5 years and 3 years CAGR of 26% as per the data of Trendlyne.

The last traded price of Focus Business Solution was recorded on 20th July 2023 at Rs 96 apiece. The stock made a 52-week-high of Rs 113.52 on (12/07/2023) and a 52-week-low of Rs 25.10 on (21/07/2022) indicating that at the current market price the stock is trading 282.47% above the 1 year low and 15.43% below the 1 year high. During Q4FY23 the company recorded promoter shareholding of 71.11% and public stake of 28.89%.