Multibagger Small Cap Stock Hits Upper Circuit After Board Recommends Dividend, Up 628.98% In 1 Yr

Consumer Durable sector Small Cap Company, Focus Lighting And Fixtures Limited today hits 5% upper circuit at Rs 785.65 after the Board recommended Final Dividend and Fixed Record Date for the same. The company has a market cap of Rs 1,025.96 Crore.

On July 24, 2023, the Board recommended the Final Dividend of Rs 1.40/- per share of fully paid-up equity shares of the company of face value of Rs 10/- each for the financial year 2022-23. The Board Fixed Aug 18, 2023, as the record date for the said dividend. The Dividend is subject to approval by the Shareholders at the AGM which is scheduled on Aug 31, 2023.

Final Dividend

"Recommended the Final Dividend of Rs. 1.50/- per share on fully paid-up equity shares of the Company of face value of Rs. 10/- each for the Financial Year 2022-23, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company. The above Final Dividend, if approved by the Shareholders shall be paid/dispatched on or before 29th September, 2023 from the date of the Annual General Meeting," the Board said in an exchange filing.

Record Date

"The Board has fixed the record date as 18th August, 2023 for the purpose of determining the names of the Shareholders who are entitled for the Final Dividend for the financial year ended 31st March, 2023, if approved. A member, whose name is recorded in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as on the close of business hours of 18th August, 2023, shall be entitled to this dividend," the Board said in an exchange filing.

Stock Movement

The stock in early trade hits the upper circuit, currently trading at Rs 783.65 apiece on BSE. The stock is trading 0.17% away from its 52-week high of Rs 785 apiece. The stock's 52-week low is Rs 96.95 apiece.

The stock gained 5% today, 13.47% in 1 week and 38.63% in 1 month, respectively. It gave 628.98% multibagger return in 1 year, and 3024.78% in 3 years, respectively. While in 5 years, it gave 1502.75% positive return.

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