Multibagger Small Cap stock: Pharma Stock Announce Bonus Issue, Shares Zoom 2,755.89% In 1 Yr

Remedium Lifecare Ltd. A Board meeting held today, Friday, June 23, 2023, recommended and approved the issue of bonus shares of 9 Equity Shares of Rs. 10/- each fully paid up for every 5 Equity Shares of Rs. 10/- each fully paid up.

The Board also fixed Saturday, 29th July 2023, as the 'record date' to determine the number of shareholders entitled for Bonus Equity shares in the ratio of 9:5.

Bonus Issue

According to an exchange filing by the Board of Directors of Remedium Lifecare Ltd., "Subject to the approval of the members in the Annual General Meeting and appropriate authorities, the Board has considered, approved and recommended a Bonus Issue of 9 Equity Shares of Rs. 10/- each fully paid up for every 5 Equity Shares of Rs. 10/- each fully paid up held as on the Record date decided for this purpose. The Bonus Shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the issue and allotment of such Bonus Shares."

Record Date for Issue of Bonus Shares

The company in an exchange filing has said, "In terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, as amended, we have to inform you that Remedium Lifecare Limited ("the Company") has fixed the Record date as Saturday, 29^TM July, 2023 in order to determine the number of shareholders entitled for Bonus Equity shares in the ratio of 9:5 (i.e., Nine Equity Shares of Rs. 10/- each fully paid up for every Five Equity Shares of Rs. 10/- each fully paid up held as on the record date decided for this purpose)."

Stock Outlook

On Friday, the shares of Remedium Lifecare zoomed 4.73%, ended at Rs, 3,939.70 apiece. The stock today hit the 52 week high at Rs. 3,949.65 apiece and 52 week low at Rs. 136.15 apiece,
respectively.

The stock jumped 25.41% in 1 week. It gave 71.74% positive return in 1 month and 580.96% multibagger return in 3 months. The stock has given 2,755.89% multobagger return in 1 year, 16,882.39% in 3 years, and 32,219.11% in 5 years, respectively.

About - Remedium Lifecare Ltd.

Remedium Lifecare Ltd. (formerly known as Roxy Exports Limited) is a pharmaceutical company. The company is in the business of trading in Advanced Pharmaceutical Intermediates and other pharma products. It is a BSE-listed small-cap company having a market capitalisation of Rs. 1,418.29 crore.

Disclaimer - The Remedium Lifecare Ltd. announces Bonus Issue and fixed the record date for the same. The above information is purely informational and should not be taken as an advisory to invest. 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 making any investment decision.