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Packaging Sector Stock Announces Bonus Share In 1:2 Ratio: Key Takeaways
G.K.P Printing & Packaging Ltd has emerged as one of best corrugated box making facilities globally. It was established in the year 1994.
G.K.P Printing & Packaging Ltd has emerged as one of best corrugated box making facilities globally. It was established in the year 1994. G.K.P Printing & Packaging Ltd. caters to various industries such as garment exports, Steel utensils, Playing Cards, Liquor , Toys, Pharma, Printers, Engenering, Confectionery and FMCG. The board of the small cap company has approved and recommended bonus share issue in the ratio of 1:2.
The company has a market capitalization of Rs 376 crore. Check key highlights below:
1. GKP Printing & Packaging Announces Bonus Share
The board of directors of GKP Printing & Packaging has stated in the BSE filing as, The Board of Directors of company have approved and recommended the issuance of fully paid up bonus shares in the ratio of 1:2 (eg 1 fully paid up share for every 2 fully paid up equity shares held), subject to the shareholders' approval. The Detailed Disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure - A."
The company also plans to increase authorized share capital and said in the BSE filing, "The Board of Directors of the company have approved to increase in authorised share capital of the company from existing Rs.15,00,00,000 (Rupees Fifteen Crore Lakh) divided into 1,50,00,000 (One Crore Fifty Lakh) Equity Shares of Rs. 10/‐ each to Rs.22,00,00,000 (Rupees Twenty Two Crores) divided into 2,20,00,000 (Two Crore Twenty Lakh) equity shares of Rs. 10/‐ each by Increase of additional 70,00,000 (Seventy Lakh) equity shares of Rs. 10/‐ (Rupees Ten) each ranking pari‐passu with the existing equity shares of the company subject to the shareholders' approval.
2. GKP Printing & Packaging stock outlook
The current market price of the stock is Rs 256 apiece with a gain of 1.42% till afternoon trading. The 52-week high of the stock is Rs 276 apiece and 52-week low is Rs 35.50 apiece. The stock has given a return of 1207% in the last 5 years, 614% return in last 3 years, and 82% return in last 1 year.
3. About GKP Printing & Packaging
The G.K.P Printing & Packaging Ltd. is one of the premium names in the field of Packaging. The company has been able to win the trust and support of its clients with an assurance of high quality products and on-schedule delivery. As an Industry of International repute , the Organization has made successful inroads in its realm of activity and has always adhered to corporate ethics. It is one of the leading manufacturers and exporters in India of Cardboard Boxes, Corrugated Boxes, Display Boxes, Mailer Boxes, Labels, Stickers, Tags, Inserts & Leaflets, Mono Carton etc, according to its official website.
